The correct order (version 1. 0. 01)
Info
The The correct order (version 1. 0. 01) is a Expert Advisor for MetaTrader 4 that the correct order is a set of moving averages located consecutively. The correct order for an uptrend would be the situation, when the 10-period simple moving average (SMA) is on a higher price level than the 20-period SMA, which is above the 50- SMA.
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 The correct order (version 1. 0. 01)
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
The correct order is a set of moving averages located consecutively.
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: Bad Orders Expert Advisor for MetaTrader - another powerful expert for MetaTrader 4 traders.
The correct order is a set of moving averages located consecutively. The correct order for an uptrend would be the situation, when the 10-period simple moving average (SMA) is on a higher price level than the 20-period SMA, which is above the 50- SMA. That one, in turn, is above the 100- SMA, and 100- SMA is above the 200- SMA.
Also recommended: Order Manager - similar expert with strong performance on MetaTrader 4.
In a downtrend, the opposite is true.The presence of moving averages located consecutively is usually a strong indication of trend condition movements and indicates that the momentum is on the trend side, but the moving averages serve as the support levels.
In order to use the correct order strategy with more reliability, added ADX check, which must be greater than 20 and have an increasing tendency.
Entry - after 5 candles once the correct order forms, exit - once the correct order gets violated.
Testing Results:
Strategy Tester Report
TrueSort_0002
SIG-Demo.com (Build 220)
You may also like: Place OC O Order, One pip Limit Order and One Pip Stop Order - excellent alternative for expert users on MetaTrader 4.
⚠ 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.