Simple Single-Layer Perceptron EA
Info
The Simple Single-Layer Perceptron EA is a Expert Advisor for MetaTrader 4 that 1. About Perceptrons The Perceptron is a fundamental concept in artificial neural networks, serving as the building block for more complex models.
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 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.
What this tool does
1.
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: simple trailing position management library - another powerful expert for MetaTrader 4 traders.
1. About PerceptronsThe Perceptron is a fundamental concept in artificial neural networks, serving as the building block for more complex models.
Also recommended: simple trailing stop - similar expert with strong performance on MetaTrader 4.
2. Algorithm
2.1. Inputs
The inputs include weights w1, w2, w3, and w4, which are set based on optimization.
2.2. Perceptron
For simplicity, the threshold is set to zero, and the output is binary (1 or 0). In this EA, the RSI oscillator is used, but other oscillators like RCI and W%R could also be employed.
2.3. Order Opening and Closing
Orders are opened and closed based on the perceptron's output. If the previous perceptron is below 0 and the current perceptron is above 0, a short position is closed, and a long order is sent. Conversely, if the current perceptron is below 0 and the previous perceptron is above 0, a long position is closed, and a short order is sent.
3. Optimization
Load the "slime_mold_rsi_template.set" file and select "open price only" as the model.
4. Comment and Magic Number
The magic number is set based on the duration used for optimization, and it is used in the EA's comments.
5. Related Article
A related article in Japanese provides additional context.
You may also like: simple pivot expert advisor - excellent alternative for expert users on MetaTrader 4.
Source Code
/.......
⚠ 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.