zakryvator
Info
The zakryvator is a Expert Advisor for MetaTrader 4 that the ea closes orders, opened in the terminal, when certain loss is reached by them in the account currency. including the orders opened for all other pairs on which the adviser is not installed.
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 zakryvator
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 ea closes orders, opened in the terminal, when certain loss is reached by them in the account currency.
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: e-news-lucky$ - automated news trading expert advisor - another powerful expert for MetaTrader 4 traders.
the ea closes orders, opened in the terminal, when certain loss is reached by them in the account currency. including the orders opened for all other pairs on which the adviser is not installed. it can be put on any currency pair and it will keep track of all open orders.
Also recommended: grid assistant - similar expert with strong performance on MetaTrader 4.
it is possible tovary the loss by the volume of the order
. for example, by default the maximum loss equals 4 (min_001_002=4) for orders with the volume of 0,01-0,02 lots (if the account is in dollars, then $4), and equals 30 (min_from1=30) at order volumes greater than 1 lot.
attention:
possible slippage depending on the market conditions, as well as the broker!
input parameters:
min_001_002
— the maximum loss per orders with volumes starting from 0,01 (inclusive) to 0,02 lots (inclusive);
min_002_005
— the maximum loss per orders with volumes starting from 0,02 (inclusive) to 0,05 lots (inclusive);
min_005_01
— the maximum loss per orders with volumes starting from 0,05 (inclusive) to 0,1 lots (inclusive);
min_01_03
— the maximum loss per orders with volumes starting from 0,1 (inclusive) to 0,3 lots (inclusive);
min_03_05
— the maximum loss per orders with volumes starting from 0,3 (inclusive) to 0,5 lots (inclusive);
min_05_1
— the maximum loss per orders with volumes starting from 0,5 (inclusive) to 1 lot (inclusive);
min_from1
— the maximum loss per orders with volumes greater than 1 lot;
You may also like: labouchere ea - excellent alternative for expert users on MetaTrader 4.
Source Code
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⚠ 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.