vs a Syndicate Trader
Info
The vs a Syndicate Trader is a Expert Advisor for MetaTrader 4 that the syndicate trader is an expert advisor (ea) designed to execute trades based on volume spread analysis (vsa) principles. It identifies potential no-demand and no-supply strike zones and places buy or sell market orders accordingly.
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 vs a Syndicate Trader
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 Syndicate Trader is an expert advisor (EA) designed to execute trades based on Volume Spread Analysis (VSA) principles.
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: Manual Trade Pad for MetaTrader 4 - another powerful expert for MetaTrader 4 traders.
The Syndicate Trader is an expert advisor (EA) designed to execute trades based on Volume Spread Analysis (VSA) principles. It identifies potential no-demand and no-supply strike zones and places buy or sell market orders accordingly.Also recommended: Trade Manager MT4: Advanced Position Management for MetaTrader 4 - similar expert with strong performance on MetaTrader 4.
This EA is inspired by Wyckoff's VSA study and aims to enhance trading strategies. It includes external parameters for customization and encourages feedback from professional VSA traders to improve its performance. The current version focuses on selling during no-demand bars, with ongoing development to optimize trade logic.
External parameters allow for fine-tuning, and a test result from September 1st to December 31st, 2026, is provided for reference.
Key Features:
- VSA-based trading: Identifies no-demand and no-supply zones for strategic entry and exit points.
- Customization: External parameters enable adjustment for various market conditions.
- Profit Trailing: The EA trails profits to maximize gains.
- Ongoing Development: The author welcomes feedback to enhance the EA's capabilities and trade logic.
You may also like: Quantora Trade Manager MT4: Advanced Position Management for MetaTrader 4 - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.04"
#property strict
int acc=123;
int time_com;
extern int number_of_position_to_close_them_all_with_profit=3;
extern double profit_for_close_all=1;
extern int max_number_pos_in_same_time=4;
extern bool give_alert=false;.......
⚠ 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.