Viva Las Vegas
This professional-grade solution for MetaTrader 4 helps traders achieve greater efficiency in their daily workflow. 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 Viva Las Vegas
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
This EA was written to test different betting strategies.
It uses a simple random generator to enter the market. Risk reward ratio is fixed to 1 to simulate straight betting.
Settings:
TP_SL:
Set the size of the trades. (As larger the size as smaller the house advantage)
BaseLotSize:
the startlotsize or size of one betting unit.
Martingale
with double up
Negative exponential pyramiding
Labouchere System
. (You can change the Labouchere Series in the code at line 18)
Oscars Grind.
This is a positive progression system. The target of this system is 1 BaseLot
System 31.
Negative progression System where you can loose maximum 31 BaseLots.
Seed:
This is used to seed the random generator.
At last: No error management/ECN style ordertypes added, this might only work in tester.
