collaps expert advisor
Info
The collaps expert advisor is a Script for MetaTrader 4 that the collaps expert advisor works with the following indicators: ema, laguerre, and cci. the system is designed to have a maximum drawdown of 10%.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Script works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Scripts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use collaps expert advisor
1. Installation: Move your script file into the MQL/Scripts directory and restart the platform.
2. Execution: Drag the script onto a chart; it will perform a one-time action, such as closing all open orders or clearing chart objects.
3. Editing: Use MetaEditor (F4) to modify code, click "Compile," and verify no errors appear in the terminal before running.
4. Removing: Scripts stop automatically, but you can remove them manually by right-clicking the chart and choosing "Remove Script."
Frequently Asked Questions
Q: How are scripts different from EAs? A: Scripts execute a single action and then stop; EAs monitor the market and trade continuously.
Q: Can I assign a hotkey to a script? A: Yes, right-click the script in the Navigator, select "Set Hotkey," and define your preferred keyboard shortcut.
Q: Why did my script stop? A: Scripts are designed to stop immediately after finishing their programmed command; this is normal behavior.
What this tool does
the collaps expert advisor works with the following indicators: ema, laguerre, and cci.
Typical Use Case
This Script excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Script works on MetaTrader 4. Place the file in the MQL4/Scripts folder and restart the terminal.
Description & Settings
Related: trend change alert and email notification expert advisor - another powerful script for MetaTrader 4 traders.
the collaps expert advisor works with the following indicators: ema, laguerre, and cci. the system is designed to have a maximum drawdown of 10%.Also recommended: e-v trailing by profit expert advisor - similar script with strong performance on MetaTrader 4.
the indicators used are:
- ema 120 based on average prices
- laguerre
- cci 14
the conditions for opening long positions are:
- ema 120 of the current candle is higher than ema 120 of the previous candle
- laguerre equals 0
- cci is less than -5
the conditions for opening short positions are:
- ema 120 of the current candle is lower than ema 120 of the previous candle
- laguerre equals 1
- cci is greater than 5
the conditions for closing long positions are:
- take profit of 10 pips, which can be adjusted
- or laguerre is greater than 0.9
the conditions for closing short positions are:
- take profit of 10 pips
- or laguerre is less than 0.1
the lot size for each trade is calculated as follows:
- (free margin of the account * maximum risk) / 500
the maximum risk is a percentage of the account size and can be adjusted.
the attached file contains the results of testing the collaps expert advisor on the eur/usd pair in metatrader 4. the best results were obtained on hourly charts, but good results were also achieved on 15-minute and daily charts.
in another file, you can find the raw code for the starter ea and the laguerre indicator.
strategy tester report
collaps
symbol
gbpusd (great britain pound vs us dollar)
period
1 hour (h1) 2026.11.12 20:00 - 2026.11.25 22:00
model
all ticks (based on all available periods with fractal interpolation of each tick)
parameters
lots=0.6; maximumrisk=0.03; decreasefactor=3; stop=10; maperiod=120;
bars in history
12787
modeled ticks
2088185
modeling quality
90.00%
initial deposit
1000.00
net profit
295648.42
total profit
413513.88
total loss
-117865.46
profitability
3.51
expected win
263.27
absolute drawdown
0.00
maximum drawdown (%)
35158.57 (12.7%)
total trades
1123
short positions (% of winners)
574 (96.34%)
long positions (% of winners)
549 (97.09%)
profitable trades (% of all)
1086 (96.71%)
loss-making trades (% of all)
37 (3.29%)
largest
profitable trade
4701.20
loss-making trade
-34712.43
average
profitable trade
380.77
loss-making trade
-3185.55
maximum
consecutive wins (profit)
210 (16982.25)
consecutive losses (loss)
2 (-364.73)
maximum
consecutive profit (number of wins)
75174.40 (64)
consecutive loss (number of losses)
-34712.43 (1)
average
consecutive win
31
consecutive loss
You may also like: e-so trailing expert advisor - excellent alternative for script users on MetaTrader 4.
⚠ 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.