A Really Random Robot
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use A Really Random Robot
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.
Description & Settings
Real
This Expert Advisor is an object-oriented MQL5 version of the Trading Gurus MQL4
random entry Expert Advisor
.
This Expert Advisor is best used on the one minute timeframe. Try it on any and all currency pairs.
It uses a random number generator to simulate simply tossing a coin to decide on the direction of each trade. It stays in the market 100% of the time. It provides an example of a minimal Expert Advisor programmed in an
object-oriented style
, based on a framework designed to facilitate the creation of more complex robots. It also provides a basis for quantifying the value added by alternative, more complex, methods of entry.
It can be surprisingly profitable!
Input settings:
Magic - Magic number to make your broker think you have a profitable robot to hide! Default = 12345
Slippage - Acceptable slippage on a market order. Default = 30
ProfitTarget - Fixed profit target. Default = 1000
StopLoss - Fixed stop-loss. Default = 3000
Lots - Fixed trade size. Default = 0.1
ReallyRandom - If true, then every backtest run should see a different sequence of simulated tosses of the coin. If false, every backtest run should see exactly the same sequence of simulated coin tosses. Default = true
The pip based settings should each be divided by 10 if your broker only quotes to 4 decimal places.
Strategy Tester Report
MetaQuotes-Demo (Build 305)
Settings
Expert:
GurooEx01
Symbol:
EURUSD
Period:
M1 (2010.01.03 - 2010.08.10)
Inputs:
Magic=12345
Slippage=30
ProfitTarget=1000
StopLoss=3000
Lots=0.100000
ReallyRandom=true
Broker:
MetaQuotes Software Corp.
Currency:
USD
Initial Deposit:
3 000.00
Results
Bars:
219207
Ticks:
868201
Total Net Profit:
1 586.38
Gross Profit:
4 565.56
Gross Loss:
-2 979.18
Profit Factor:
1.53
Expected Payoff:
28.33
Recovery Factor:
2.07
Sharpe Ratio:
0.18
Balance Drawdown:
Balance Drawdown Absolute:
566.12
Balance Drawdown Maximal:
663.72 (21.43%)
Balance Drawdown Relative:
21.43% (663.72)
Equity Drawdown:
Equity Drawdown Absolute:
650.60
Equity Drawdown Maximal:
767.30 (24.62%)
Equity Drawdown Relative:
24.62% (767.30)
Total Trades:
56
Short Trades (won %):
22 (90.91%)
Long Trades (won %):
34 (76.47%)
Total Deals:
112
Profit Trades (% of total):
46 (82.14%)
Loss Trades (% of total):
10 (17.86%)
Largest profit trade:
105.64
Largest Loss Trades (% of total):
-303.15
Average profit trade:
99.25
Average Loss Trades (% of total):
-297.92
Maximum consecutive wins ($):
9 (903.33)
Maximum consecutive losses ($):
2 (-599.78)
Maximal consecutive profit (count):
903.33 (9)
Maximal consecutive loss (count):
-599.78 (2)
Average consecutive wins:
5
Average consecutive losses:
1
Recommendations:
For some theoretical background see
this thread
on the Trading Gurus Community
Wealth Warning! This expert is for educational purposes only.
It should NEVER be used on a live account.
Past performance is in no way indicative of future results!
