Ye A3 - Simple EA
Info
The Ye A3 - Simple EA is a Expert Advisor for MetaTrader 4 that this is a simple expert advisor that can be used with any currency pair. It works with any broker, but the best results are obtained when the broker allows for the lowest possible tick size settings.
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 Ye A3 - Simple EA
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
This is a simple Expert Advisor that can be used with any currency pair.
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: simple trailing position management library - another powerful expert for MetaTrader 4 traders.
This is a simple Expert Advisor that can be used with any currency pair. It works with any broker, but the best results are obtained when the broker allows for the lowest possible tick size settings. The strategy is based on basic rules and works as follows: if the closing price of the previous candle was higher than the current one, the EA will open a sell position. If the closing price of the previous candle was lower than the current one, the EA will open a buy position. The EA will exit the market when either the take profit or stop loss is reached.Also recommended: simple trailing stop - similar expert with strong performance on MetaTrader 4.
Key Features
- Can be used with any currency pair
- Works with any broker, but better results are obtained with brokers who allow for low tick size settings
- Simple and easy to understand strategy
You may also like: simple pivot expert advisor - excellent alternative for expert users on MetaTrader 4.
Source Code
#define signal_none 0
#define signal_buy 1
#define signal_sell 2
#define signal_closebuy 3
#define signal_closesell 4
#property copyright "robotfx"
#property link "https://robotfx.org"
extern int magicnumber = 1972;
extern bool signalmail = false;
extern bool eachtickmode = 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.