Four_Screens - MetaTrader 4 Expert | Forex Indicators Download - MT4/MT5 Resources

Trade a currency pair such as EUR/USD on 4 charts (timeframes M5, M15, M30, H1). Each chart is accompanied by Heiken Ashi. Data are measured on the formed bar of M5 and on the current bar in other time frames.

EA operating principle:

When there are red candles on all four charts, it places a sell order (with fixed take profit and stop loss, say 20 pips each). If Take Profit is triggered and the candle remains red, place a new sell order immediately, but if the candle on any chart is white, wait for entry. Once all four charts have red candles, enter the market.

The principle is the same: when there are white candles on all four charts, it places a buy order (with fixed Take Profit and Stop Loss of 20 pips each). If Take Profit is triggered and the candle remains white, place a new buy order immediately, but if the candle on any chart is red, wait for entry. Once white candles appear on all four charts, enter the market.

If Stop Loss is triggered, regardless of whether the trade direction is buy or sell, the next order for the indicator signal on the four charts will be doubled (for example, if the lot size is 0.01, the next order will be multiplied by 2 and so on until Take Profit is triggered, if Take Profit is triggered, the lot size will return to its initial value, which is 0.01).

A trade occurs when all charts have candles of the same color (red or white).

EA trading input parameters:

Standard trailing added in v2.

If the order is closed profitably and there is a signal, a new order will be opened only when a new bar opens.

Attachment download

📎 four_screens.mq4 (19.34 KB)

Source: MQL5 #13115