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xbug_free_v4 Forex EA - Powerful Expert Advisor for MT4
This is the free version of our x bug line of Expert Advisors.
The Expert Advisor can trade all timeframes and currencies but the default settings are for EURUSD H4.
You can change the settings to suit your strategy and timeframe. Full documentation and support is available at our new site.
xbug_free_v4.mq4 3.74 kb, 31 downloads since 2014-09-30
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This is the free version of our x bug line of Expert Advisors.
The Expert Advisor can trade all timeframes and currencies but the default settings are for EURUSD H4.
You can change the settings to suit your strategy and timeframe. Full documentation and support is available at our new site.:??
Let's dive into Xbug_Free_v4 Expert Advisor!
X bug free version v4.0 EA uses two moving averages (MA) to decide when to buy or sell a currency pair. When the shorter MA crosses above the longer MA, it's a buy signal. When the shorter MA crosses below the longer MA, it's a sell signal.
Here's how to get started with Xbug_Free_v4 Expert Advisor:
a. Download the "mq4" file for Xbug_CE.
b. Open MetaTrader 4 (MT4) and go to "File" -> "Open Data Folder."
c. Navigate to the "MQL4" folder and then the "Experts" folder.
d. Copy the downloaded "mq4" file into the "Experts" folder.
e. Restart MT4. f. You'll find Xbug_CE in the "Navigator" panel on the left.
g. Drag and drop it onto a chart to activate it.
Here are the adjustable settings Xbug_Free_v4 Expert Advisor:
Lots: This controls the trading size. A higher value means larger trades.
Stops: Determines the stop loss and take profit in pips.
MaPeriod: Sets the period for the first moving average.
MaShift: Shifts the first moving average forward or backward in time.
Ma2Period: Sets the period for the second moving average.
Ma2Shift: Shifts the second moving average forward or backward in time.
Slip: Adjusts the maximum allowed price difference when executing trades.
MagicNumber: A unique identifier for the EA's trades.
For a winning strategy:
Use EURUSD as the currency pair.
Set the timeframe to H4 (4-hour chart).
Start with a minimal balance of $1000.
Adjust Lots based on your risk tolerance, but be cautious not to risk too much of your account on a single trade.
Keep Stops and MaPeriod around the default values.
MaShift and Ma2Shift can be adjusted to fine-tune your strategy, but it's best to start with the default settings.
Slippage can be left at 5 pips.
Xbug_Free_v4 Expert Advisor uses moving averages to make buy and sell decisions in the EURUSD currency pair on the 4-hour chart. To set it up, download the "mq4" file, copy it into the "Experts" folder in your MT4 directory, and activate it on your chart. Adjust the settings based on your risk tolerance and let it work its magic!
xbug_free_v4.mq4 3.74 kb, 4 downloads since 2023-11-15
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