tops and bottoms in trend
Info
The tops and bottoms in trend is a Expert Advisor for MetaTrader 4 that this ea buys when at new low in a down trend occurs with oversold rsi. inputs for trending range and quality including look back how many bars involved.
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
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 tops and bottoms in trend
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 ea buys when at new low in a down trend occurs with oversold rsi.
Typical Use Case
This Expert Advisor excels in trend following 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: cc i expert - another powerful expert for MetaTrader 4 traders.
this ea buys when at new low in a down trend occurs with oversold rsi.
inputs for trending range and quality including look back how many bars involved.
Also recommended: pricer ea - similar expert with strong performance on MetaTrader 4.
sells at new high and same as buy.past candle count , look back period for trend conditions.
past pips , pip look back range minimum range.
trend quality 1-10 , 1 being loose trend / 10 quality trend.
stop are placed in pips targets are a percent of stops.
100 being a 1:1 risk reward ratio . 200 1:2 ect
lots set at 0.01 , variable.
rsi period set at 14, variable and oversold and overbought levels set at 40/60 variable.
preset parameters may not be profitable , lots of inputs for optimization.
ignore input 17 takeprofitinpips set at 5pips
You may also like: rr s tangled ea - 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.