Simplest EA using De Marker indicator
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 Simplest EA using De Marker indicator
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
In the past, I thought of using an EA for my trading and this is part of my simple EA and this is the simplest EA I ever had so please rate this after read...
This EA working on single pair. With the fully functioning setting timeframe, lots, stoploss and takeprofit here are input in the menu properties.
Here is the secret, I divide it into 3 parts of variables:1. data | timeframe2. order3. pair
In OnInit() function, I have to initialize an indicator DeMarker array variable and also checking minimum lot size of trading for the specific type of broker requirement.
On OnTick() function, this is the for calculating of the indicator and to determine the buy and sell signals
To open a buy and sell signal...
And for the closing...
