SmartAssTrade Expert Advisor
Info
The SmartAssTrade Expert Advisor is a Expert Advisor for MetaTrader 4 that this is the latest expert advisor (ea) developed and shared with fellow traders. This EA utilizes sound alerts for order execution, take profit, and stop loss.
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 SmartAssTrade Expert Advisor
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
This is the latest Expert Advisor (EA) developed and shared with fellow traders.
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: e-trailing2: enhanced trailing stop expert advisor - another powerful expert for MetaTrader 4 traders.
This is the latest Expert Advisor (EA) developed and shared with fellow traders. This EA utilizes sound alerts for order execution, take profit, and stop loss. To ensure these alerts function correctly, please copy the provided sound files into your MT4 sound folder. The EA has been tested on an ECN broker with 3 and 5 decimal points. Performance is demonstrated with trading evidence from February 12, 2014. Trades are initiated only twice a week to allow the EA to establish new orders. The trading logic is based on a simple yet effective formula, proven to be profitable through experience. This EA is compatible with all timeframes and currency pairs, excluding Gold and Indices (e.g., EURX, USDX). We hope it proves beneficial for traders aiming for success. The last update was made on 2026-02-28, focusing on refining the default settings for better user understanding and removing unused variables. EA SmartAssTrade (Update 2) On 2026-03-03, version 2 of the EA was released. This update includes modifications to the modif() function and incorporates two standard MQL4 include files:Also recommended: e-signal of trade expert advisor - similar expert with strong performance on MetaTrader 4.
You may also like: e-news-lucky$ - automated news trading expert advisor - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#include <stderror.mqh>
#include <stdlib.mqh>
extern string smartasstrade = "copyright 2014 3rj ~ roy philips-jacobs";
extern bool hedging = false; // if true, ea will open order buy and sell according to the trend change.
extern string optimizationlots = "set lotsoptimization=true, lots=0.0";
extern bool lotsoptimization = false; // if true, lots wil calculation by ea
extern double lots = 1.0; // if lotsoptimization=false, lots adjusted by user
extern string automaticsystemtp = "set automatictakeprofit=true or false";.......
⚠ 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.