- June 30, 2014
- Posted by: Forex Wiki Team
- Category: Free Forex EA
EA SmartAssTrade. - expert for MetaTrader 4
- Files:
EA SmartAssTrade.
This is the last EA that I created, and I want to share to friends traders.
This EA uses alert sound when making or take profit orders or loss, therefore that the sound alerts working properly, please copy the sound file that I include it into the sound MT4 folder.
Picture proof that a performance of EA SmartAssTrade, is trading on MT4 ECN broker (3 and 5 digits after the decimal point).
I do this trade using EA SmartAssTrade, on the evidence of images ranging from the date of February 12, 2014, from my computer, and only 2 times a week I switch so that EA can make a new order.
This EA just using a very simple formula, but according to my experience, the formula was accurate enough to make a profit.
EA is used on all timeframes and all currency pairs, except Gold and Index (EURX or USDX).
So, May be useful for traders who want to succeed.
I've done an last update (2014-02-28) for EA SmartASSTrade (especially on the default setting that is easily understood on setting default, and discard unused variable).
EA SmartAssTrade (Update_2)
In this day (2014-03-03), I've done an update version_2 for EA SmartAssTrade, especially on the modif() function,
and add #include 2 standard files MQL4 <stderror.mqh> and stdlib.mqh,
so when that an error occurs, then the user can look at the MT4 Journal tab,
the error code that occurred and a description of the error.
I hope this update can help you to analyze this EA when running.
.
In my editor there are two warnings:
return value of 'OrderModify' should be checked SmartAssTrade_update2.mq4 803 30
return value of 'OrderModify' should be checked SmartAssTrade_update2.mq4 812 30
Hallo 3rjfx,
Good work.
I have been running on a demo account with an equity of 14K Euro. These two days my profit 3234.21 eu and unresolved 1705.84 Euro. As profit increasing unresolved amount also increasing. (1) When all will be closed in profit, or should I force to close all unresolved (be happy with the profit)? How do you close all trades? Some trades unresolved, that is in loss?
(2) I am trading fourteen pairs, all sell, those I kept on 'hedge' are buy and sell both. Any explanation from you, please?
(3) Some pairs it opened wrong, when price crossing rsi50+, (also up trend in OsMA and %R) it opened sell. For better result should I help the EA, that is, keep 'Ask manual confirmation' on? Some times it misses 2/3 pips to close the trade in profit, should I manually close?
Thanks and regards,
Mizan Sharif
Hallo 3rjfx,
What is the cause that you run only twice a week?
(See my previous comments above).
Following are my observations:
On third day my loss is nearly equal to profit, may be tomorrow it will go over the profit. Here is my present loss and profit ratio: Loss=2977.84, Profit=3554.75. It opens 4 trades (out of 10) in the wrong direction, on second, third or consecutive days these number increases. Finally your account will be blown out. So it is good to run twice a week and accept the loss (after 24 hours loss and profit ratio is 1:2).
I have few suggestions:
1. With the OsMA use %R/RSI for trade opening.
2. Delete 'hedge' chapter. Then you will be able to accommodate the program in 350 lines.
3. Just keep "Trade open" "SL" "TP", when "TP" is below/above strong support and resistance do not open that trade or shorten the 'TP' or move the "SL" at breakeven or use profit lock system.
Those change will give you more memory to open more pairs, less opportunity but more accuracy and there will be no more unresolved trades.
Can you give me a copy of this EA with comment?
Thanks and regards,
Mizan Sharif
Hallo Everybody,
No response from the author of this EA. (sorry not good to make such a comment within 2/3 days). Can anybody here find why it can't open any 'buy' trade and fix it? Then it could be the best EA I ever seen.
Thanks,
Mizan Sharif
