Trading libraries for MetaTrader 4
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MetaTrader 4
Top Rated Products MT4
Overview
Live Trading Channel
https://www.youtube.com/@ohara4068
This product is an automated trading program compatible with MT4.
By utilizing standard deviation and proprietary indicators, it enables long-term profitability.
Backtesting over several years has shown excellent performance. It follows a trend-following strategy.
Based on our uniquely developed single-position EA model, this program is designed for both personal and professional use.
The parameters are optimized for XAUUSD (Gold/USD).
Although it is a single-position type that does not use martingale strategies, multiple positions may be opened simultaneously.
In such cases, each position is opened independently based on unique parameters rather than averaging down.
The maximum number of open positions can be adjusted.
Hedging is not incorporated into the logic, but buy and sell positions may be opened simultaneously depending on the parameters.
Risk management and stability are prioritized.
To avoid large unrealized losses, stop-losses are executed instead of averaging down when a position goes negative.
The stop-loss range for each position is generally set to less than 10 points.
New positions are not opened before 8:00 AM.
This EA can be used with any MT4 broker.
A free version is available for download so you can perform your own backtesting.
Additionally, a short-term one-month version is available for $30, which is the minimum price on the MQL Market.
Development & Recommendations
This EA is developed specifically for XAUUSD.
Please adjust the lot size according to your capital.
The recommended position size by the developer is a maximum loss per trade of within 1% of your total capital.
Setup Instructions
Open MT4 Terminal and navigate to File > Open Data Folder > MQL4.
Place “Kinoh Ver.Two.ex4” into the MQL4 > Experts folder.
Refresh the Navigator, and apply "Kinoh Ver.Two" to the chart.
Parameter Settings
Lots: Enter the trading lot size (default is 1).
Maximum simultaneous positions: Adjustable (default is 10).
The Magic Number for positions is a 6-digit number starting with 784XXX.
