vvi-bars
Info
The vvi-bars is a Script for MetaTrader 4 that this is my third trading advisor (the first two were undoubtedly 'losing' on the demo account). it examines the last three candles and, if they are increasing in size (including a small black candle followed by a white one), with the increase becoming more pronounced from the second to the third candle, and the third candle being definitively white, it opens a buy trade.
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 vvi-bars
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
this is my third trading advisor (the first two were undoubtedly 'losing' on the demo account).
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: average volatility indicator - another powerful script for MetaTrader 4 traders.
this is my third trading advisor (the first two were undoubtedly 'losing' on the demo account).Also recommended: break trend indicator - similar script with strong performance on MetaTrader 4.
it examines the last three candles and, if they are increasing in size (including a small black candle followed by a white one), with the increase becoming more pronounced from the second to the third candle, and the third candle being definitively white, it opens a buy trade. the default stop-loss is set at 1.2 times the body of the last candle. the trade remains open until the next candle closes (or is closed by the stop-loss); no new trades are opened on this candle or the next (a debatable idea, which can be changed later).
version: 0.0.1
the strategy is being tested on the usd/jpy currency pair on the h1 timeframe, and the results are far from ideal, so do not use it on a real account (this is a recommendation, not a prohibition). consider it as lgpl 2+, so no one takes responsibility for anything.
You may also like: import of "minute bars" from forexite. com - excellent alternative for script users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
extern double lot=0.1;
extern int stoploss = 250;//subj
extern bool autosl = true; // , ""
extern double autoslcoeff = 1.2;// "" -
extern int magic = 0xbace1;
int init()
{
return(0);.......
⚠ 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.