zonal trading
Info
The zonal trading is a Expert Advisor for MetaTrader 4 that the expert advisor which uses the ao and ac indicators in its operation, which were proposed by the bill williams. the ea buys at green ao and ac, sells at red ao and ac.
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 zonal trading
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 expert advisor which uses the ao and ac indicators in its operation, which were proposed by the bill williams.
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 expert advisor which uses the ao and ac indicators in its operation, which were proposed by the bill williams.
Also recommended: Trade from Lines (e-tfl) - Advanced Line Trading Expert Advisor - similar expert with strong performance on MetaTrader 4.
the ea buys at green ao and ac, sells at red ao and ac. the market exit is performed when any of the indicators changes its color.operation algorithm
it is recommended to use the indicator on the h4 timeframe.
input parameters:
number of lots
— number of order lots.
order's comment
— order comment.
magic number
— ea's magic number.
due to the simplicity of the algorithm the ea does not require complicated settings. the automatic lot calculation depending on the deposit can also be implemented.
You may also like: gap trading expert advisor - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.1"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property strict
extern double lots=1; // number of lots
extern bool autotrading=false; // switch on automatic calculation of lots
extern double risk=1; // deposit's percent for trade
string com="zonal trading"; // order's comment
extern int tp=5000; // take profit value (pips).......
⚠ 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.