Shuriken Lite
This is a powerful addition to your MetaTrader 4 toolkit designed to optimize market analysis and performance. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use Shuriken Lite
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.
Description & Settings
This is the strategy scoring system used for .
It can monitor the trading activity of up to 10 Expert Advisors by inputing their different magic numbers in the settings.
The chart display shows the total pips made, wins % and number of trades for each EA, plus the combined totals with overall Profit Factor and Net Profits shown below.
If you use lots of expert advisors this will help you keep track of their performance.
Usage:
Copy Shuriken.ttf font file to C:\Windows\Fonts folder first.
Shuriken Lite.mq4 goes in the experts folder.
Place on a chart and input the magic numbers of your EA's trading on the account.
A value of 0 will score your manual trades.
Recommendations:
Click Chart Shift button to make room for the display.
