hi Sr, I am new in this I wonder which file do I have to copy tu run the EA in my MT4, I ask this because you have one file with extencion mq4 and others with SET extension.
I would like to test your EA qith the pair GBP/USD,
thanks
You must copy / compile / run the .mq4 file. The .set files are the EA setting files.
See this article: https://www.mql5.com/en/articles/1385.
Other articles on this topic: https://www.mql5.com/en/articles/mt4/strategy_tester.
- www.mql5.com
Hi Vinicius, Thanks for the information, I installed the EA in my MT4 station successfully according to the message in the journal tab. I did some some test in tester area and run ok.
Question for you, this EA is only for backtesting or can be used for automated trading. I ask this because the EA is installed but nothing happen, the only thing new in my MT4 screen is the EA name and a small smile face on the top right corner. The automated trading is on and I set up all the parameters according to the link posted.
Could you pls clarify this for me, thanks in advance
Miguel
- Fixed lot;
- Percentage (in this case, the lot size is automatically calculated by the EA, according to the Stop Loss position for, in case of loss, the loss is as close as possible to the Risk defined by the trader).
Some input parameters:
- Trading Range - Bars: number of bars preceding the opening of the London session and which form the trading range considered by EA to breakouts;
- Minimum Bars Up / Down - %: minimum percentage of up and down bars that the trading range must have to be considered valid for the EA open positions;
- Minimum Range - Points: minimum price variation to trading range be considered valid for the EA open positions, in points;
- Maximum Range - Points: maximum price variation to trading range be considered valid for the EA open positions, in points;
- Minimum Break Range - Points: minimum level that the price must break after the limits of the trading range for the EA open positions, in points;
- Maximum Break Range - Points: maximum level that the price must break after the limits of the trading range for the EA open positions, in points.
Hi
thanks for the ea, looks good I had an issue I wanted to set it to trade off the range of a single 1h bar but when I set the trading range bars to 1 it came up with an error message saying it was invalid
Cheers
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Automated trading system for breakouts in the London and New York sessions, which considers trading ranges formed during the Asian sessions.
This EA can be optimized to work with EUR, GBP and USD pairs, on the M15, M30 and H1 timeframes.
- Recommended minimum deposit is 1000;
- This EA requires constant optimization. I suggest optimizing every 1 to 3 months, considering the historical data for at least the last 2 to 5 years, depending on the timeframe. It can be optimized using the Open Prices Only model (fastest method);
- Attached examples of setting files for some pairs and timeframes, and also examples of files for optimization.
Some Input Parameters