FMOneEA - MetaTrader 4 Expert | Scalping EA Download - MT4/MT5 Resources

FMOneEA is a scalping Expert Advisor for MetaTrader 4. It only works within the one hour time frame (PERIOD_H1).

FMOneEA calculation is based on the ZigZag and MACD indicators on the H1 time frame. NOTE: Make sure the ZigZag indicator is located \MQL4\Indicators\. Hope it's useful.

The default properties of FMOneEA are as follows and the results of the strategy tester below use the default properties.

Last modified (updated): July 17, 2015.

Update (21/04/2015):

Update (29/04/2015):

Update (26/05/2015):

If you set: UseTrailingStop = True, AutoTrailingStop = True, AutomaticTakeProfit = True, then when the stop loss is trailing, the take profit will also be trailing, so the take profit will be dynamic.

Update (2/06/2015):

Update (16/07/2015):

Update (17/07/2015): (Update_07)

Update (17/08/2015): (Update_08)

//--- User input (Update_07 17/08/2015)
input string FMOneEA = "Copyright © 2014 3RJ ~ Roy Phillips-Jacobs" ; input string FMOneEATF = "FMOneEA works on all time ranges (M1 to MN1)" ; input integer FMOneEA period = PERIOD_H4 ; // recommended for use on time range H4 (PERIOD_H4)
external boolean FridayTrading=True; // If true, the EA will trade on Friday
external boolean Redemption=True; // Allow redemption of loss orders
input string OptimizationLots = "Set LotsOptimization=True" ; Boolean value outside LotsOptimization=True; // If True, lots will be calculated by the EA, default lot size for optimization = 0.01"
External double Lots = 0.01 ; // If LotsOptimization=False, the batches are adjusted by the user
External double large redemption = 2.0 ; // Redemption multiplier lot value, default value 2.0
External double maximum number of redemptions = 4.0 ; // Multiply the number of lots to redeem the maximum number of lots, the default is 4 times the initial number of lots
External integer MaxOpenOrder = 12 ; // Maximum number of open orders allowed (maximum trading pairs = 12 pairs)
// Currency pairs: EUR/USD, AUD/USD, EURUSD, NZD/USD, GBP/USD, GBP/USD, AUD/USD, GBPJPY, EURUJPY, USD/JPY, USDCHF, USDCAD//
Enter string automatic system TP = "Set automatic take profit = True or False" ; Boolean value outside automatic take profit = True; // TP will be calculated by the EA and automatically TP by the EA
External boolean value NoMinimumTakeProfit = True; // True or False -> If True is set, the EA's 100% TP does not use the minimum TP.
Input string MinimumSystemTP = "If NoMinimumTakeProfit=False is set" ; // EA performs TP according to the minimum TP value
External double minimum TP = 10 ; // EA's minimum TP on AutomaticTakeProfit=True function, default value 10
Enter string manual system TP = "If set auto-take profit = false" ; // MT4 terminal TP (same as manual trading)
External double take profit = 20 ; // System TP, the value can be adjusted by the user, the default value is 20
Enter string automatic system SL = "Set automatic stop loss = true" ; Boolean value outside automatic stop loss = true; // SL will be calculated by the EA
input string manual system SL = "if set autostop=false" ; // SL value can be adjusted by user
External double stop loss = 157 ; // SL is adjusted by the user, default value is 157
External boolean value UseTrailingStop = True; // Use trailing stop, True (yes) or False (no)
External boolean value Auto Trailing Stop = True; // If set to True, the EA's 100% TS calculation does not use the Trailing Stop value.
External double trailing stop = 14.0 ; // If Use Trailing Stop True, enter Trailing Stop Value, default value is 14
External double trailing stop step size = 1.0 ; // Enter trailing stop step size value (default 1.0)
ass="keyword">Input string UseSecureBEP = "Set UseSecureBEP == True or False" ; //If True, the EA will add a BEP to secure your order External boolean UseSecureBEP = False; //If True, the EA will add a BEP to secure your order

Test results:

Attachment download

📎 fmoneea.mq4 (40.26 KB)

Source: MQL5 #12208