Simple Single Layer Perceptron EA
This tool for MetaTrader 4 is specifically engineered to streamline your trading operations. 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 Simple Single Layer Perceptron EA
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
About Perceptron:
I referred to "" as the logic of Perceptron.
2. Algorithm
2.1. Inputs
The
w1
,
w2
,
w3
and
w4
are weights which set the values decided by your optimization.
2.2. Perceptron
For making a simple EA, threshold is zero. And output isn't changed "fires" 1, "doesn't fire" 0.
I use RSI in this EA, but I think that other oscillators are OK. RCI, W%R and so on.
2.3.Order Opening and Closing
When previous Perceptron under 0 and current Perceptron upper 0, if there is a short position, it is closed.
And EA sends a long order.
Conversely, when current Perceptron under 0 and previous Perceptron upper 0, if there is a long position, it is closed.
And EA sends a short order.
3. Optimization
Load "Slime_Mold_RSI_template.set", and You choose "open price only" for Model.
4. Comment and Magic Number
I set Magic Number the duration used for optimization, this EA uses Magic Number in comment.
5. Related article (in Japanese)
