the predator
Info
The the predator is a Expert Advisor for MetaTrader 4 that the predator ea trades with two strategies ,has trailing stop loss &take profit works with all time frames major forex pairs and stocks nasdaqtrade volume of a position depends on previous trading results. it provides the possibility to limit the maximum risk (in % of deposit) of the trade.
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 predator
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 predator ea trades with two strategies ,has trailing stop loss &take profit works with all time frames major forex pairs and stocks nasdaqtrade volume of a position depends on previous trading results.
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: Moving Average Crossover Expert Advisor (MT4/MT5) - another powerful expert for MetaTrader 4 traders.
the predator ea trades with two strategies ,has trailing stop loss &take profit works with all time frames major forex pairs and stocks nasdaq
Also recommended: lucky: a profitable trading strategy - similar expert with strong performance on MetaTrader 4.
trade volume of a position depends on previous trading results.
it provides the possibility to limit the maximum risk (in % of deposit) of the trade.
if you want to trade with constant lotsize say:0.01 lot ,you need to set "maximumrisk =0" and "decreasefactor=0"
or else you will have a calculation of percent (%) of deposit and maximumrisk.
try it on demo first.
this ea trades only with the price of open candle! inputs
use_tp_in_money- use take profit in money (values:true/false).
tp_in_money- take profit in money (values: 10-100).
use_tp_in_percent- use take profit in percent (values:true/false).
tp_in_percent- take profit in percent (values: 10-100).
------------[money trailing stop for multiple trades]----------------------
enable_trailing-enable_trailing with money (values:true/false).
take profit in money (in current currency) (values: 25-200).
stop loss in money(in current currency) (values: 1-20).
--------------------------------------------------------------------------------------
exit= close trades if the trend is against you and control draw dwon (values:true/false).
strategy - choose between 2 strategies (strategy1,strategy2).
lots - lots size (values: 0.01-10).
lots size exponent (values: 1.01-2).
maximumrisk - maximum risk from total margin in %, (values: 0.01 - 0.3).
if "maximumrisk =0" then "lot=constant"
decreasefactor - decrease from total margin if you lose a trade.
stop_loss - stop loss (values: 10-100).
magicnumber - magic number (values: 1-100000).
takeprofit - take profit (values: 10-100).
fastma - fast moving average (values: 1-20).
slowma - slow moving average (values: 50-200).
distance-distance between two averages (values: 10-60).
mom_sell-momentum_sell trtrigger(values: 0.1-0.9).
mom_buy-momentum_buy trtrigger(values: 0.1-0.9).
max_trades(1-12).
-----------------------if you use only 1 trade:--------------------------
/////////////////////////////////////////////////////////
trailingstop-set a value from 40 to 100 to activate trailing stop loss & take profit, "0" will not activate trailing stop loss.
enable "break even" -(values:true/false).
when move "break even"- (values: 5-30).
how much pips move- "break even" (values:5-30).
-you should optimize this ea every few months and use the exact same inputs from above .-you can use it as hedging grid ea or a single trade ea.-how to perform back test:
You may also like: cryptocurrency divergence - excellent alternative for expert users on MetaTrader 4.
Source Code
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⚠ 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.