sa w system 1
Info
The sa w system 1 is a Expert Advisor for MetaTrader 4 that the saw_system_1 expert advisor places pending orders on the basis of the volatility for the last n days. the stop loss is always placed at the level of the opposite order, therefore, setting the stop loss value also sets the distance between orders.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use sa w system 1
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
the saw_system_1 expert advisor places pending orders on the basis of the volatility for the last n days.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.
Description & Settings
Related: lock system 2+1 - another powerful expert for MetaTrader 4 traders.
the saw_system_1 expert advisor places pending orders on the basis of the volatility for the last n days. the stop loss is always placed at the level of the opposite order, therefore, setting the stop loss value also sets the distance between orders. stop loss and take profit and not calculated in points, but as a percentage of the average volatility over the specified number of days.
Also recommended: cross moving average (ma) trading system - similar expert with strong performance on MetaTrader 4.
the orders are placed at a certain hour (terminal time), and if none of them was triggered, then they are deleted at the specified hour.in addition, the ea is able to "reverse" the position when the first stop loss is triggered, or rather, it simply does not remove the opposite order when a position is opened by either of the orders. also, when a position is opened, the opposite order can be placed with an increased lot to compensate losses, in case the position on second order closes in a loss.
parameters:
lot
- trading lot;
amount of days (for calculating volatility)
- the number of days for calculation of volatility;
hour installation orders (terminal time)
- order placing hour (terminal time);
hour removal orders (terminal time)
- order deleting hour (terminal time);
stop-loss (percentage of the average volatility)
- stop loss (percentage of the average volatility);
take-profit (percentage of the average volatility)
- take profit (percentage of the average volatility);
reverse positions
- position reversal;
martingale
- enable martingale;
multiplier
- martingale multiplier.
the trading instrument does not matter, as long as optimization is performed.
timeframe is not important either, as everything happens by the terminal time.
recommendations:
the parameters should be optimized on a period not greater than one year, as greater period does not make sense.
reoptimization will probably need to be performed every 3 months.
i had written this code long ago, so write me about all issues, i will fix them as much as possible.
You may also like: donchain counter-channel system - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property strict
input double lot = 0.01; // lot.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.