Trading libraries for MetaTrader 4
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MetaTrader 4
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Overview
Introduction:
This EA works in two ways: opening a position for each candle included in the candle according to the color of the configured candle or opening a position for each candle included in the opposite candle according to the color of the configured candle.
You do not need to analyze the market. You select the desired timeframe, set it, and leave the EA running. The EA will do everything for you. The results are better if the market is trending.
You do not need to make assumptions or analyze. There is no risk of losing money if your analysis deviates from the price movement. You will only work with sensitivity, following the price movement.
You can set the EA to run at any time you want. To do this, you can enable the Time filter function. When the start time and minute are reached, the position will be opened, and when the end time and minute are reached, all open positions will be closed, and the EA will delete itself.
If you need to close open positions very quickly, all open positions will be closed when you delete the EA from the chart.
You can work on gold, crypto, and currency pairs. You need to set RiskPerTradePercent depending on the product type. This is an indicator for adjusting the lot size. A lower value will open a position with a smaller lot, and a higher value will open a position with a larger lot.
The profit and loss locking mechanism works automatically. When the profit or loss target is reached, all positions are closed and the EA is deleted.
Good luck with your trading.
Settings:
| Inputs | Default | Explanation |
|---|---|---|
| TimeFrame_main | H4 | Candlestick color for trading direction |
| TimeFrame_position | M30 | Color of the candle to open a position |
| Position opening mode | Position-Every candle | / TimeFrame_position/ - Whether to open a position on every candle or on every opposite candle |
| Risk percent trade | 10 | Indicator of how much of the account will be spent on the initial position |
| Loss lock percent | 10 | If the loss on the account reaches this level, all losses will be locked. |
| Profit threshold | 40 | If the account balance reaches this level, the profit lock function will start working. |
| Profit drawdown lock | 90 | If the profit peak falls below the percentage specified here, the profit lock will be triggered. |
| Profit target | 100 | When the profit reaches the percentage specified here, all positions are closed and the EA is removed. |
| Loss target | 40 | If the loss reaches the percentage specified here, all positions will be closed and the EA will be removed. |
| Close all positions-TF_main candle closes | false | / TimeFrame_main / Whether to close a position on each candle and start a new position on the next candle |
| Time Filter | true | Whether to use time filter |
| Start Hour | 1 | trading start hour |
| Start Minute | 0 | trading start minute |
| End Hour | 22 | trading end hour |
| End Minute | 0 | trading end minute |
| Close hedge at entry price | Option to close hedge position at opening price |
|---|---|
| Hedge profit threshold (%) | The Hedge profit threshold (%) function will be activated after the profit threshold specified here is exceeded. |
| Small profit above entry (%) | The hedged position will be closed at the profit specified here. /WARNING: increasing this is risky/ |
| Temporary threshold increase (%) | The hedge value will temporarily increase by the amount specified here. |
| Temporary threshold duration (sec) | Temporary threshold increase (%) duration. /Value in seconds/ |
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