volatile action
Info
The volatile action is a Expert Advisor for MetaTrader 4 that a real working idea, which is as follows. if there is a trend, then it consists of impulse and correction waves.
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 volatile action
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
a real working idea, which is as follows.
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: Price Action Expert Advisor - another powerful expert for MetaTrader 4 traders.
a real working idea, which is as follows. if there is a trend, then it consists of impulse and correction waves. impulse waves are generally characterized by high volatility of bars, rapid movement towards the existing trend.
Also recommended: price action - similar expert with strong performance on MetaTrader 4.
the goal — enter the market in the beginning of the impulse.the ea works in the following way. trace the trend on the h4 chart using the alligator. trace the volatility on the m30 chart, enter the market when it explodes towards the trend. additional condition — the bar with the increased volatility has to break through maximum (minimum) 24 bars with its extremum, i.e. get out of its price range.
voln — how many times the volatility of the current bar has to be greater than the average volatility for the period.
atr — the average volatility period.
ns — the stop loss factor (tied to volatility).
np — the take profit factor (tied to volatility).
important!
the ea works on a m30 chart. it is supposed to work properly on any financial instruments, 4- and 5-digit quotes. slightly optimized for gold, highly volatile pairs will probably fit. optimization can be performed by opening prices.
i would be glad to hear offers on modernization of the idea itself!
You may also like: pure price action+push notifications - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
input double voln=3; // volatility coef.
input int magic=7101; // magic number
input double risk=0; // leverage
input double fix_lot=0.01; // fix_lot
input double ns=0.6; // coefloss
input double np=1.0; // coefprof.......
⚠ 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.