up bot 1
Info
The up bot 1 is a Expert Advisor for MetaTrader 4 that the ea works without the use of indicators. uses only the price values of the current and previous bars for operation.
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 up bot 1
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 ea works without the use of 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: Quantora Trade Manager MT4: Advanced Position Management for MetaTrader 4 - another powerful expert for MetaTrader 4 traders.
Also recommended: Quantora Break Even Manager MT4 - Professional Automatic Break Even Utility - similar expert with strong performance on MetaTrader 4.
the ea works without the use of indicators. uses only the price values of the current and previous bars for operation.the idea of the ea lies in the searching of pivot points. it enters using market orders at trend reversal attempt.
each order is protected with a take profit and stop loss (set in settings). when the stop loss is set to zero — stop loss is calculated automatically by the ea, depending on the current price and the pivot point (stop is moved beyond the level).
it is possible to use trailing stop with a specified step or transfer of the position to breakeven. there are several options for closing positions on condition (enabled in the parameters).
parameters: ------ start trade settings ------
takeprofit — takeprofit level.
stoploss — stoploss level (if 0 then auto).
hldivergence — minimum deviation of two adjacent bars for entry.
spanprice — price indent from the starting level for opening an order.
lots — lot size.
maxtrades — maximum number of simultaneously opened orders.
slippage — slippage.
magicnumber — expert's magic number.------ output settings ------
trailingstop — trailing stop for open positions;
trailstoploss — stoploss trailing level.
zerotrailingstop — stoploss trailing to breakeven level.
steptrailing — trailing stop step.
outputatlower — exit if the price is lower than the previous bar.
outputatrevers — exit at trend reversal.
spantorevers — price indent from the reverse level for closing an order.
You may also like: Quantora Trailing Stop Manager: Automatic Stop Loss for MT4 - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#define buy 0 // 0
#define sel 1 // 1
extern string separator1 ="------ start trade settings ------";
extern int takeprofit =30; // takeprofit
extern int stoploss =0; // stoploss (if 0 then auto)
extern double hldivergence =0.1; // . .......
⚠ 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.