Weekend Trading Strategy
Info
The Weekend Trading Strategy is a Expert Advisor for MetaTrader 4 that scalper ea designed for low-spread ecn brokers. Optimized for the M1 Time-Frame and requires a VPS with minimal latency (under 1 millisecond).
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 Weekend Trading Strategy
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
Scalper EA designed for low-spread ECN Brokers.
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: Scalper EA for Weekend Trading on BTC - another powerful expert for MetaTrader 4 traders.
Scalper EA designed for low-spread ECN Brokers.Optimized for the M1 Time-Frame and requires a VPS with minimal latency (under 1 millisecond).
Also recommended: e-news-lucky$ - automated news trading expert advisor - similar expert with strong performance on MetaTrader 4.
Key Features and Options:
CashAccount: Defines the available funds for continuous operation. It is recommended to maintain a buffer, with trading resuming only at the end of the week if the balance drops below a specified threshold (e.g., 5% below initial balance).
minlots: Specifies the minimum lot size for trades.
Spread: Maximum acceptable spread. The default is 50, but this can be adjusted. Example: Ask 120020.55 Bid 120000.05 results in a spread of 2050.
You may also like: Trade from Lines (e-tfl) - Advanced Line Trading Expert Advisor - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "RobotFX"
#property strict
extern double CashAccount = 41;
extern double minlots =1;
extern double Spread=50;
double dp = 2;
double rr = 8;
int Ticket,Ticket2,buy,sell,buylimit,selllimit,cnt,trade=1;
double Lot,PriceBuy,PriceSell,PriceBuyTP,PriceSellTP,Margin,StopLevel;
int OnInit().......
⚠ 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.