X Trader
Info
The X Trader is a Expert Advisor for MetaTrader 4 that x trader is an expert advisor (ea) designed for metatrader 4 (mt4) that utilizes a dual moving average crossover strategy with an additional time filtering feature. This EA offers a unique approach to trading by incorporating time-based filters, enhancing optimization and research capabilities.
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 X 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
X Trader is an expert advisor (EA) designed for MetaTrader 4 (MT4) that utilizes a dual moving average crossover strategy with an additional time filtering feature.
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.
X Trader is an expert advisor (EA) designed for MetaTrader 4 (MT4) that utilizes a dual moving average crossover strategy with an additional time filtering feature.Also recommended: bad orders expert advisor for metatrader - similar expert with strong performance on MetaTrader 4.
This EA offers a unique approach to trading by incorporating time-based filters, enhancing optimization and research capabilities.
The default settings are a starting point, and users are encouraged to optimize them for their preferred timeframes and brokers.
Here's a breakdown of key settings:
- CloseOnReverseSignal: When set to true, this parameter ensures that trades from the previous signal are closed when a new, opposing trade signal emerges.
- TimeSettings: Users can specify the hour and minute to commence and conclude trading, allowing for precise time-based trade management.
Note: The provided settings are a starting point, and customization is recommended for optimal performance.
You may also like: gaps expert advisor for metatrader - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
extern double lots=0.1;
extern int slip=5;
extern string stopsettings="set stops below";
extern double takeprofit=150;
extern double stoploss=100;
extern bool allowbuy=true;
extern bool allowsell=true;
extern bool closeonreversesignal=true;.......
⚠ 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.