MetaTrader 4 MT4 Expert Advisors Simple continuous trend-following strategy for buying and selling based on predefined conditions – EA MetaTrader 4

Simple continuous trend-following strategy for buying and selling based on predefined conditions – EA MetaTrader 4


This MetaTrader 4 (MT4) script implements a simple continuous trend-following strategy for buying and selling based on predefined conditions. Here’s a breakdown of the script:

  1. Initialization: The script initializes and prints a message when initialized successfully.

  2. Deinitialization: The script deinitializes and prints a message when deinitialized.

  3. OnTick Function: This function executes whenever there’s a new tick (price change) in the market.

    a. Reset Position Tracking Variables: The script resets variables tracking open buy and sell positions.

    b. Check Open Orders: It loops through all open orders to determine if there are any existing buy or sell positions.

    c. Open Buy Position: If there’s no open buy position and the “OpenBuyPosition” flag is set to true, it attempts to open one based on the current market bid price. It sets a stop loss and take profit for the buy order.

    d. Open Sell Position: If there’s no open sell position and the “OpenSellPosition” flag is set to true, it attempts to open one based on the current market ask price. It sets a stop loss and take profit for the sell order.

    e. Check Closed Orders: It checks for any closed orders. If a buy or sell order is closed with profit, it resets the corresponding position flag.

  4. Input Parameters: The script provides input parameters for lot size, stop loss, take profit, and flags to control whether to open buy or sell positions.

  5. Disclaimer: The script includes a warning advising users to use it at their own risk and absolves the creator from any responsibility for potential damage or loss.

Alternative:   BPNN dll temp fix - library MetaTrader 4

Overall, this script aims to automate the process of executing buy and sell orders based on a continuous trend-following strategy, allowing users to customize parameters such as lot size and trade direction. However, users should exercise caution and conduct thorough testing before deploying it in live trading environments.


📈 ROBOTFX MetaTrader Expert Advisors and Indicators to maximize profits and minimize the risks