Forex Sentiment Trader PRO EA

5

I have created this  MT4 Tool EA to test if it is more profitable to trade in favor of the mass sentiment of traders or it is better to go against it.

Remember to authorize Myfxbook url in WebRequest options in MT4

Features:

  • Market Sentiment update every 30 minutes
  • SL
  • TP
  • BreakEven
  • Trail SL
  • Daily Target Profit
  • Max Daily DrawDown (Useful for prop firm)
  • Max Spread Filter
  • Time Filter
  • Custom Trade Comments
  • Protection in case a pair is not read correctly from the web (Prevents improper closing or opening of operations)
  • Suffix & Preffix in Symbols

Take advantage of the initial price! The EA will have several improvements and updates such as built-in News Filter, optional Suffix and Prefix for brokers that have it in the pairs and much more!

The price will go up progressively!

The EA is Multy-currency and can trade on Demo or Real if you want (but be carefully, this tool is made to understand if it is better to trade for or against market sentiment... Use at your own risk)

You cannot baktest this tool since it operates in real time with current data from the market sentiment website.

You can choose any currency pairs you want (I recommend major pairs with less spread) as long as you have them active on MT4 Market Watch.

If the EA is configured to trade in Favor of Market Sentiment, it will open trades in currency pairs that are equal to or higher than the default percentage value chosen (Default 85, but you can choose the percentage you want) and close if it goes down at 60%

If you want to choose to trade Against of Market Sentiment, suppose that the market sentiment is more than 85% Long in EURUSD, then the EA would open a sell order in EURUSD and the order would be closed when the Long drops to 60%


Please leave your suggestions, opinions and comments to support me and know if you like my work as well as possible functions to add in future updates. Thank you!



Reviews 3
takashi7jp
122
takashi7jp 2025.07.10 16:07 
 

Still in development!

I look forward to further evolution in the future!

After the first entry, if the existing conditions are met at the specified interval (time), it would be interesting to repeat the entry up to the specified position (optional, maximum position setting).

For example, parameters

-Specified interval: 240 minutes (optional setting)

-Maximum position: 5 (optional setting)

When adding a position, it would be possible to enter if the existing currency pair has a profit or not, or to add a position regardless, which would open up a lot of possibilities for the future.👍

[Additional Note]

I thought that it would be useful for analysis if there was a function (ON/OFF) that could output the sentiment index to CSV (time series pool) when the date is updated, etc.

Viachaslau Kulakou
402
Viachaslau Kulakou 2024.11.29 11:09 
 

Все работает отлично

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Easy Trade – Smart, Simple, Powerful Trade Management Easy Trade is the all-in-one trade management solution for MetaTrader users who want to keep risk under control and execution ultra-smooth. Designed from scratch with trader feedback in mind, Easy Trade makes it easy to execute, monitor, and manage trades across multiple symbols – without overcomplicating your workflow. Whether you're scalping manually or managing a small portfolio of setups, Easy Trade keeps your focus where it belongs: on
Short Description: FTMO Protector PRO MT4 is an EA designed to protect your funded account by managing risk and ensuring compliance with the Prop Firm's trading rules. This EA automatically monitors equity levels, closes trades when profit targets or drawdown limits are reached, and provides a visual display of key account metrics. EA w orks with all different Prop Firm service providers. Overview: FTMO Protector PRO MT4 is an Drawdown Safeguard Expert Advisor meticulously crafted for traders
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News Filter EA that send you a Push notification to your MT4 phone APP and TURN OFF MT4 Automatically Before News.  This EA doesn't work in backtest From 1.7 version  the EA have  Close all trades before news functions added. You only need to allow that url in MT4 options: To see the url and how to add it to MT4, visit this post: https://www.mql5.com/en/blogs/post/754402 When Metatrader is turned off, it saves the status of all the charts, indicators and Expert Advisors that you have in them
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This indicator uses a formula based on bollinger bands to determine if the market is in Range or not. It can be used to filter entries and not operate in a sideways market. It has a minimum value of 0.2 from which it could be operated, although you can modify it in the options to adjust it to your trading style or the market you use. If the histogram below is red, the market is in range, if it is green, volatility is higher.
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Trend Hunter Beast MT5 Indicator Easy to follow the overall trend by looking at a higher timeframe. Simple entry when the arrow appears. Exits are made on the opposite arrow, or you can place a stop loss below the last low or high, and a stop loss as desired. Applies to any Forex asset, although it is recommended to use pairs with low spreads. You can also use it on crypto assets or indices such as the SP500, etc. Check the trend on higher timeframes such as D1 and H1, and enter in the same d
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takashi7jp
122
takashi7jp 2025.07.10 16:07 
 

Still in development!

I look forward to further evolution in the future!

After the first entry, if the existing conditions are met at the specified interval (time), it would be interesting to repeat the entry up to the specified position (optional, maximum position setting).

For example, parameters

-Specified interval: 240 minutes (optional setting)

-Maximum position: 5 (optional setting)

When adding a position, it would be possible to enter if the existing currency pair has a profit or not, or to add a position regardless, which would open up a lot of possibilities for the future.👍

[Additional Note]

I thought that it would be useful for analysis if there was a function (ON/OFF) that could output the sentiment index to CSV (time series pool) when the date is updated, etc.

Salvador Martinez Ramos
2581
Reply from developer Salvador Martinez Ramos 2025.07.10 16:16
Thanks for the comment! That's right. I continue to listen to users and adding features and fix bugs as they arise. I'll keep your ideas in mind for the future 👍
Viachaslau Kulakou
402
Viachaslau Kulakou 2024.11.29 11:09 
 

Все работает отлично

Salvador Martinez Ramos
2581
Reply from developer Salvador Martinez Ramos 2024.11.29 22:16
I'm sorry you're having trouble with the EA in XAUUSD, please can you send me a screenshot or explain what kind of error it is so I can try to fix it as soon as possible, thank you.
jaewon yang
267
jaewon yang 2024.08.15 03:58 
 

User didn't leave any comment to the rating

Salvador Martinez Ramos
2581
Reply from developer Salvador Martinez Ramos 2024.08.15 15:30
Hi! Today I'm going to upload an update with new features, although the prefixes and suffixes are not yet accepted by EA, but I'm going to work on this and I'll try to upload another version on Sunday.
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