Trading Robots for MetaTrader 4
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MetaTrader 4
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Overview
IronBalance EA Description for MQL5
IronBalance EA is an advanced yet user-friendly Expert Advisor (EA) for MetaTrader 5, designed to automate trading with a focus on precision and risk management. Suitable for traders of all experience levels, this EA combines a proven counter-trend strategy with an intuitive visual dashboard that provides real-time trading performance insights. Manage your trading with confidence and ease!
Key Features
- Counter-Trend Strategy: Identifies high-probability market reversals using advanced technical analysis.
- Robust Risk Management: Ensures safe trading with free margin checks and automatic lot size normalization.
- One Trade Per Day: Disciplined approach limits trading to one position daily, reducing the risk of overtrading.
- Interactive Dashboard: Displays "Capital Flow" title, trading settings, current profit/loss, total profit, and drawdown percentage on a sleek blue panel.
- Fully Customizable: Adjust lot size, take-profit, and other parameters to suit your trading style.
Trading Strategy
IronBalance EA employs a counter-trend strategy, leveraging key market levels and technical indicators to pinpoint optimal entry and exit points. It operates on the H1 timeframe with level calculations based on the D1 timeframe, ensuring precise trade execution. A customizable volatility filter enhances trading reliability, while preset take-profit levels lock in potential profits.
Visual Dashboard
A blue panel in the top-left corner of the chart provides real-time monitoring:
- EA Name: Displays "IronBalance EA" for easy identification.
- Settings: Shows lot size, take-profit, entry offset, and indicator thresholds.
- Performance Metrics: Tracks current profit/loss, total profit from closed trades, and drawdown percentage.
Input Parameters
| Parameter | Description | Default Value |
|---|---|---|
| Lots | Trade volume (lot size) | 0.1 |
| TakeProfitPips | Take-profit in pips | 140 |
| EntryOffsetPips | Entry offset from key levels | 200 |
| MagicNumber | Unique identifier for EA trades | 12345 |
| RSIBuyLevel | Indicator threshold for buy trades | 30.0 |
| RSISellLevel | Indicator threshold for sell trades | 70.0 |
| ATRThreshold | Volatility filter threshold (0 = disabled) | 0.0 |
Why Choose IronBalance EA?
- Proven Performance: Built on a reliable counter-trend strategy for consistent trading results.
- Safety First: Margin checks and lot normalization protect your account.
- Intuitive Interface: Real-time dashboard makes monitoring simple and effective.
- MT5 Optimized: Fully integrated with MetaTrader 5 for seamless trading and testing.
- Flexible Settings: Customize parameters to match your risk tolerance and market conditions.
Recommended Settings
- Timeframe: H1 for trading signals, D1 for level calculations.
- Symbol: Compatible with major currency pairs (e.g., EURUSD, AUDUSD) or other instruments.
- Account: Recommended minimum balance of $1000 for a 0.1 lot size; adjust based on your risk profile.
- Broker: Best suited for brokers with low spreads and fast execution.
Installation and Setup
- Copy the EA to the Experts folder in MetaTrader 5.
- Attach the EA to an H1 chart of your chosen symbol.
- Configure input parameters to align with your trading strategy.
- Enable the AutoTrading function in MetaTrader 5.
- Load sufficient account history for accurate profit calculations (right-click the "Account History" tab and select "All History").
Testing and Optimization
- Test the EA in the MetaTrader 5 Strategy Tester to evaluate performance.
- Optimize parameters like TakeProfitPips (50–200), EntryOffsetPips (100–300), and indicator thresholds for optimal results.
- Check the Journal tab for logs to diagnose any issues.
Support
For assistance with installation, setup, or other inquiries, contact the developer via the MQL5 platform. Regular updates ensure compatibility and incorporate user feedback for improved performance.
Get Started Today!
Download IronBalance EA and test it on a demo account to experience its power. Automate your trading with precision and clarity!
Risk Warning
Trading involves significant risk of loss. Past performance does not guarantee future results. Thoroughly test the EA on a demo account before using it in live trading. Ensure you fully understand the risks associated with Forex trading.
