Sophia1 EA
Info
The Sophia1 EA is a Expert Advisor for MetaTrader 4 that sophia1 ea is an expert advisor for metatrader 4. Development DetailsThe EA was developed by a trader with 10 years of experience in the forex market.
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 Sophia1 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
Sophia1 EA is an Expert Advisor for MetaTrader 4.
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: ma c d ea - another powerful expert for MetaTrader 4 traders.
Sophia1 EA is an Expert Advisor for MetaTrader 4.Development Details
The EA was developed by a trader with 10 years of experience in the forex market. This is one of the initial projects focusing on Expert Advisor programming.
Also recommended: exp i custom - similar expert with strong performance on MetaTrader 4.
The initial development involved modifying an existing EA, specifically Ilan 1.4. The core logic modification focuses on entering trades when three consecutive candles of the same color appear, followed by a candle in the opposite direction. Position management incorporates trailing stop and martingale functionalities.
Trading Performance and Settings
Strategy Tester Report: sophia1_1
Platform: eglobal-demo (build 409)
The EA is utilized on a live trading account with the following currency pairs:
- EURUSD
- USDJPY
- EURJPY
- GBPUSD
- AUDUSD
- USDCAD
- GBPJPY
- USDCHF
- EURCHF
- NZDUSD
- EURGBP
You may also like: scalping with virtual pending orders - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property copyright "robotfx"
extern int mmtype=1;
extern bool useclose=false;
extern bool useadd=true;
extern double lotexponent=2;
extern double slip=3;
extern double lots=0.01;
extern double lotsdigits=2; .......
⚠ 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.