Source Code Version 3
Info
The Source Code Version 3 is a Expert Advisor for MetaTrader 4 that this expert advisor utilizes common technical indicators. Recommended settings:- Operation Mode: Long- Symbol: EURUSD- Timeframe: M15Testing Period: January 16, 2011, to present.
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 Source Code Version 3
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 expert advisor utilizes common technical indicators.
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: Source Code Analysis - another powerful expert for MetaTrader 4 traders.
This expert advisor utilizes common technical indicators.Recommended settings:
- Operation Mode: Long
- Symbol: EURUSD
Also recommended: popular (1 m views) 4 hour range strategy coded and tested - similar expert with strong performance on MetaTrader 4.
- Timeframe: M15Testing Period: January 16, 2011, to present.
Performance Expectations:
The advisor is designed for high profitability, with an aim for approximately 100% profit. Trades are expected to be infrequent; therefore, patience is advised as the advisor may not initiate trades for extended periods. However, when trades are executed, they are anticipated to be profitable.
Initial Capital Suggestion:
For optimal results, it is recommended to start testing with a capital of 1000 USD.
All information is current as of 2026.
You may also like: millenium code - excellent alternative for expert users on MetaTrader 4.
Source Code
int init()
{
return(0);
}
int deinit()
{
return(0);
}
int start()
{ .......
⚠ 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.