The exp i Custom Expert Advisor
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 The exp i Custom 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.
Description & Settings
Change the type of variables _O_M3_BuyLevel, _O_M3_SellLevel, _C_M3_CloseBuyLevel, _C_M3_CloseSellLevel, from int to double, to allow input of fractional numbers.
More details can be found on the page.
Implemented the ability to include additional checks when closing orders based on the indicator: check of the order profit (close only orders with profit not less than specified), check of the order stop loss location (if stop loss fixes the specified profit, the order is not closed).
Variables:
==== Additional rules for closing ====
CheckProfit
- Check the order profit when closing, orders with less than MinimalProfit profit are not closed
MinimalProfit
- see the CheckProfit variable
CheckSL
- If the stop loss of the order fixes a profit not less than MinimalSLProfit, the order is not closed
MinimalSLProfit
- see the CheckSL variable
* * *
Added ability of trailing based on custom indicator.
Any indicator can be used, for example, the channel, two-colored alternating , that draws dots or arrows, and the order modification will only happen if a dot or arrow is present.
Variables:
=== Trailing by indicator ===
_TS_ON
- enable trailing by indicator;
_TS_iCustomName
- name of the Custom indicator;
_TS_iCustomParam
- the list of parameters delimited by "/". For the boolean variables, use 1 instead of true, 0 instead of false. If the indicator parameters contain string variables, the EA will not work!!!;
_TS_iForBuyBufIndex
- index of the buffer for buy orders;
_TS_iForSellBufIndex
- index of the buffer for sell orders;
_TS_iShift
- indicator shift. 1 - on the formed bars, 0 - on the forming bar (not recommended). It is also possible to enter a value 2,3,4...
_TS_Opt_1_Use
- enable usage of the optimized variable 1. When the optimized variable is activated instead of the value from the iCustomParam string, defined by the Opt_X_Index variable, the value of the Opt_X_Value variable will be used;
_TS_Opt_1_Index
- index of the optimized variable 1 in the parameter array (in the iCustomParam string). The numbering starts with zero;
_TS_Opt_1_Value
- the value of the optimized variable 1;
_TS_Opt_2_Use
- enable usage of the optimized variable 2;
_TS_Opt_2_Index
- index of the optimized variable 2 in the parameter array (in the iCustomParam string). The numbering starts with zero;
_TS_Opt_2_Value
- the value of the optimized variable 2;
_TS_Opt_3_Use
- enable usage of the optimized variable 3;
_TS_Opt_3_Index
- index of the optimized variable 3 in the parameter array (in the iCustomParam string). The numbering starts with zero;
_TS_Opt_3_Value
- the value of the optimized variable 3;
_TS_Opt_4_Use
- enable usage of the optimized variable 4;
_TS_Opt_4_Index
- index of the optimized variable 4 in the parameter array (in the iCustomParam string). The numbering starts with zero;
_TS_Opt_4_Value
- the value of the optimized variable 4;
_TS_Opt_5_Use
- enable usage of the optimized variable 5;
_TS_Opt_5_Index
- index of the optimized variable 5 in the parameter array (in the iCustomParam string). The numbering starts with zero;
_TS_Opt_5_Value
- the value of the optimized variable 5;
_
TS_Indent
- indent (in points) from the indicator value;
_TS_TrailInProfit
- minimum trailed profit. The stop loss is moved only in case it fixes not less than _TS_TrailInProfit points of profit.
Added the ability to use two-colored indicators
(_O_Mode=5, _C_Mode=5
). It is possible to use indicators like , or colored moving averages, for example, .
A very large number of colored indicators can not be used, some indicators paint one bar in the past (in this case it is worth trying to increase the values of _O_iShift and _C_iShift by 1), others simply overlay lines of one color with lines of another color (these can not be used).
Added the MarketWatch mode - opening market orders without stop loss/take profit, which are set afterwards.
New parameters:
In the "Indicator for opening" parameters section:
_O_M5_iBuyBufIndex
- index of the buffer for the line displayed during an uptrend;
_O_M5_iSellBufIndex
- index of the buffer for the line displayed during a downtrend.
In the "Indicator for closing" parameters section:
_C_M5_iBuyBufIndex
- index of the buffer for the line displayed during an uptrend;
_C_M5_iSellBufIndex
- index of the buffer for the line displayed during a downtrend.
In the "Order" parameters section:
MW_Mode
- enable the MarketWatch mode.
