Are you ready to take your trading to the next level? The MarketsMaster EA is an Expert Advisor designed specifically for MetaTrader 4, equipped with four reliable signals derived from six powerful indicators. Whether you’re trading Forex, indices, or metals, this EA can be tailored to your needs with the right parameters.
Available in both English and Spanish, this tool is versatile enough to fit any trader's style.
From my experience, it shines on timeframes from M15 to H1. However, any timeframe can yield profits if your strategy aligns with the market conditions.
You have the flexibility to open orders with fixed lots or use a percentage of your account balance based on your risk appetite.
The MarketsMaster EA operates using a combination of indicators like Volumes, PSAR, Stochastic, Bull and Bear Power, ATR, and MFI. It’s all about finding the right mix that works for your trading strategy.
Profit management is handled through trailing stops, allowing you to maximize gains. For multiple open orders, profits can be taken in either monetary terms or as a percentage of your balance. Just a quick tip: if you don’t activate the loss percentage, it’s like setting it to 100%—so keep that in mind!
Before you dive into backtesting, I recommend setting up the indicators on your chart first. Check the minimum volumes for trends and assess which indicators work best together across different timeframes. This will streamline your backtesting process and help you optimize your parameters.
Also, consider evaluating the average price movement per trade to better set your trailing profit value.
A friendly reminder: Don’t forget to add URLs under Tools / Options / Expert Advisors. Ensure you activate "Allow WebRequest for listed URL" and include both URLs for news updates. Just a heads up—news cannot be fetched for indices and metals, so avoid activating it for those, as it can disrupt other EAs on your charts.
If anyone is interested in translating this to MQL5, that would be fantastic! I’m still getting the hang of MQL5 myself. If you do, please send me a copy! 😉
Related Posts
- Creating an Expert Advisor for Dark Cloud Cover and Piercing Line Patterns with CCI Confirmation
- Harnessing MQL5 Wizard for Trading Signals: 3 Black Crows & 3 White Soldiers with MFI
- Creating a Stochastic-Based EA for Hammer and Hanging Man Patterns in MetaTrader 5
- Leveraging MQL5 Wizard: Crafting Trade Signals with Meeting Lines and Stochastic
- Harnessing MQL5 Wizard for Bullish and Bearish Harami Signals with CCI Confirmation