MarketsMaster EA - MetaTrader 4 Expert | Forex Indicator Download - MT4/MT5 Resources

The Expert Advisor in MQL4 has 4 signals based on 6 indicators. Works with any stock: Forex, indices, metals, you just need to provide it with the correct parameters.

Available in Spanish ES and English EN.

Experts work better on timeframes from M15 to H1, at least with my trading style, but any timeframe can be profitable if your strategy fits the needs.

You can open an order with a fixed lot size, or use a lot size with a percentage of your balance risk.

It works with Volume, PSAR, Stochastic, Bull and Bear Power, ATR and MFI.

Profits are earned per 1 order through track and trace steps. If more orders are opened, profits will be taken in the form of currency or as a percentage of the balance, while losses will also occur. Remember, losing % by not activating is the same as giving 100%.

Before backtesting, I recommend that you attach indicators to the chart, first look at the minimum volume of the trend, and then evaluate the best match between all other indicators and timeframes in order to backtest with fewer parameters.

Also evaluate the average move per trade to give a value for trailing profit.

Remember : To add URLs in Tools/Options/Expert Advisors/Activation: allow WebRequest to list URLs and add two URLs for news. Indices and metals don't seem to get news, so remember not to activate it on these indices and metals as it will prevent all other EAs on other charts from running.

If someone wants to translate it to MQL5, that would be great. I still don't know about MQL5. If you do, please send me a copy 😉 .

Attachment download

📎 marketmaster_en.mq4 (186.12 KB)

📎 marketmaster_es.mq4 (186.5 KB)

Source: MQL5 #31326

MarketsMaster EA - MetaTrader 4 Expert Tips Before Using

This page has been supplemented with structured instructions, focusing on the purpose of EA source code, MQL4/MQL5 platform compatibility, testing process and risk control. Before downloading or deploying, it is recommended to first determine whether it is consistent with your own variety, cycle and account environment.

Suitable for who to use

• Users who want to quickly screen EA source code and are willing to do simulation disk verification first.
• People who need to compare MT4/MT5 EAs, indicators, scripts or source code projects.
• Traders who wish to record backtests, parameters and risk boundaries before placing a trade.

Testing and risk control suggestions

• First verify the default parameters in the strategy tester or demo account, and then adjust the symbol, period, spread and trading period one by one.
• Scalping, grid, martin, and high-frequency strategies should focus on observing maximum drawdowns, consecutive losses, slippage, and trading frequency.
• It is not recommended to run any document directly on the real disk. At least observe the simulated disk performance for 2-4 weeks first.

FAQ

Can MT4 and MT5 be used interchangeably?
Usually cannot be used directly. EX4/MQ4 corresponds to MT4, EX5/MQ5 corresponds to MT5, and the source code needs to be compiled in the corresponding MetaEditor.

Is this resource guaranteed to be profitable?
cannot. EAs, indicators and scripts can only be used as trading tools, and the results depend on parameters, market environment, spreads, slippage and risk control.

What else can I continue to watch?
Forex EA download , foreign exchange indicator download , EA evaluation , MQL5 CodeBase .

English Search Notes

This page is also optimized for English search intent around MarketsMaster EA - MetaTrader 4 Expert . Related search terms include: MQL4 source code, MQL5 source code. Test any Forex EA, Expert Advisor, MT4/MT5 indicator, script or MQL source code with historical data and a demo account before live trading.