Market / MetaTrader 4 / Experts /

MQL Random EA

FREE

Published: 8 September 2014

Current version: 1.11

MQL Random EA

3.33

Experts
Martin Eshleman
Version: 1.11
Updated: 23 February 2024

Summary:

This EA places a single trade at a time in a RANDOM direction (buy or sell) and uses a simple TP & SL. A lot multiplier is also optional. Once a trade hits TP/SL, it will place another trade in a random direction. And so on. Since it only ever has 1 trade open at a time, it can be used on any broker. Which means it can be used on US brokers with the FIFO rule. Inputs are few and everything is based in Points too. So it can be used on any chart reliably and easily. You will be amazed how well a simple EA like this will perform.

Possible Uses:

This can be used as a martingale strategy since there is an optional lots multiplier.
This EA can be used with the goal to make many trades in the hopes to at least break even. Many traders have accounts that give partial spread rebates back into their accounts. So even if the EA does not make profit itself, it can still result in your account increasing in profit because of the spread rebates. Since there is no hedging and since TP/SL can be adjusted to reasonable distances then brokers will have no problems paying rebates for each trade.

Inputs:

There are only standard inputs in this EA. For example, lot size, TP, SL, and so on. They are self-explanatory and easy to use.

Notes:

Since trades are made randomly, no two back tests will be the same and live testing will not be the same too.
If you do not want to use TP, SL, or the multiplier then set them to 0.
Inputs are based in Points and not Pips. These may not necessarily be the same for you. Set according to the type of account and chart you are using.
IMPORTANT: Check out our site using the link in my profile for other FREE indicators and EAs.

more...

Mario Alfredo Cuellar Mancia 2020.05.11 05:19 #

MQL Random EA es una maravilla de Asesor Experto si se sabe configurar de la manera correcta para aprovechar la naturaleza impredecible y aleatoria del mercado Forex. Para lograr un máximo rendimiento se debe configurar una relación beneficio/riesgo de 1:1, esto es colocando TP = SL. Además de esto es necesario usar el multiplicador = 2 para poder mantener una ganancia constante, a pesar de las pérdidas. Se debe tener un capital suficiente para manejar por lo menos 8 pérdidas encadenadas, lo que implica una operación con un lotaje de 0.01 * 2^8 = 2.56 lotes.

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Custom Pattern Detector Indicator This indicator lets you define your own custom pattern instead of the typical candlestick patterns. Everybody already knows about common candlestick patterns like the Doji pattern. This indicator is different though. The pattern you will define is a custom pattern based on CANDLE FORMATIONS . Once the indicator knows the pattern you want it to look for, then it will go through history on the chart and find matching patterns, make them visible to you, and calcula

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Auto ZZ SR Indicator This indicator automatically draws trend lines using ZigZag top and bottom points. The more ZigZag tops/bottoms that are used, the greater the number of possible combinations. Therefore, the more possible trend lines can be drawn. And vice versa too. The fewer ZigZag tops/bottoms that are used, the lower the number of possible combinations. And therefore, the fewer the possible trend lines can be drawn. The indicator constantly updates the trend lines on the chart as the mar

FREE

Summary This indicator is based on RSI and Momentum indicators. It also considers moving averages of these two indicators. The three indicators have adjustable settings. The arrows do not repaint since the indicator only uses confirmed values and waits for the candle to close before painting an arrow. The indicator is also able to alert when arrows appear. There are 3 types of alerts - Popup, Email and Mobile Push Notifications. The arrows can be used in the EA and the inputs can also be optimiz

FREE

Summary This indicator is based on the MA applied to the RSI indicator. It draws arrows at the confirmed crosses of the MA over the RSI line. When the MA crosses upwards, then a buy arrow is displayed and vice versa. The arrows do not repaint since the indicator only uses confirmed values and waits for the candle to close before painting an arrow. The indicator is also able to alert when arrows appear. There are 3 types of alerts - Popup, Email and Mobile Push Notifications. Inputs All inputs a

FREE

Summary This indicator is based on the MA applied to the Momentum indicator. It draws arrows at the confirmed crosses of the MA over the Momentum line. When the MA crosses upwards, then a buy arrow is displayed and vice versa. The arrows do not repaint since the indicator only uses confirmed values and waits for the candle to close before painting an arrow. The indicator is also able to alert when arrows appear. There are 3 types of alerts - Popup, Email and Mobile Push Notifications. Inputs Al

FREE

Cycles Predictor Indicator This indicator uses past market cycles to predict future price movements. The indicator scans through past data and considers combinations of cycles. When cycles coincide at the same future date/time then it is considered a valid future prediction. The predictions are drawn as vertical lines on the right side of the chart in the future. A prediction will often result in type of candle (ex. bull or bear) and/or a reversal point (ex. bottom or top) forming at this ex

150 USD

Gann Time Clusters Indicator This indicator is based on W. D. Gann's Square of 9 method for the time axis. It uses past market reversal points and applies the mathematical formula for Gann's Square of 9 and then makes projections into the future. A date/time where future projections line up is called a 'time cluster'. These time clusters are drawn as vertical lines on the right side of the chart where the market has not advanced to yet. A time cluster will result in a market reversal point (ex.

150 USD

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aldrin adams 2020.11.20 14:42 #

i'm still testing ea for less than a week,Ea looks promising,i am testing on daily timeframe but will use different broker to test H1 timeframe...i changed the lotsize to 0.10...i changed the Take Profit to 200 and stoploss to 150....so far it is consistent in making profits and the drawdown is still below 1%...i will follow up very soon

Mario Alfredo Cuellar Mancia 2020.05.11 05:19 #