Virtual Robot
This software component for MetaTrader 4 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 Virtual 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
Virtual Robot will open virtual trades, using them to monitor the market to determine the entry point(according to the inputs parameters), at which point Virtual Bot will start opening real trades.
Demo account - recommended
Input Parameters
TF - the choice of timeframe
Slippage - slippage.
MagicNumber - trades ID.
Comment - comment for orders.
Stop Loss - Stop Loss in pips.
Take Profit - Take Profit in pips.
Min Take Profit - minimal Take Profit.
Average + Take Profit - average order price + Take Profit.
Lots - initial lot.
Lotmax - maximum volume.
Multiplier - multiplier to increase/reduce your lot size.
Stepper for real - quantity positions without the multiplier 1=1+multiplier; 2=1+1+multiplier etc.
Stepper for virtual - quantity positions without the multiplier 1=1+multiplier; 2=1+1+multiplier etc.
PipStep - the minimum distance between orders.
Max Trades - the maximum number of position.
Start opening real trades - after virtual trades.
Start average orders price for real orders - transition to averaging real transactions (only).
Visual - true/false.
