Awesome Oscillator Trader 2 – Continuation of modification – expert for MetaTrader 4

  • Platform: Metatrader4
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • I decided to take the original code submitted by raposter here and my own
    version 1.1 modification to the next level of modification. In this part i also going to add Average True Range calculated stop loss and take
    profit. Version 1.1 already been modified with better risk assessment,a dynamic position sizing system and now it’s time to try it out with
    Average True Range based take profit and stop loss and upgrade to version 1.2.

    I hope you will enjoy these two modifications and i say thanks to raposter for the original submitted code. Small improvements can make a
    huge difference to performance as we going to witness here 😉 

    Notice – A quite fast’n rough optimization was performed during year 2018 and now tested from 2017 to end of June 2019 and i guess it can be even
    better for those who are willing to put some time to it.

    version 1.1 with dynamic positions sizing test look like this with risk set to 0.5%

    good result

    and now to the version 1.2 with Average True Range calculated take profit and stop loss working together with the dynamic position risk system
    set to 0.5%

    result atr

    • 1. Open the MT4 trading software – “File” – “Open Data Folder” in the upper right corner
    • 2, find the “MQL4” folder – “Experts”, put the EA in this folder
    • 3, need to refresh or restart the trading software to display EA, find “EA” in “Navigation” – “EA Trading”
    • 4, find the EA you need to use, right click the mouse, select “attach to the chart” (additional chart: EA uses the currency to be linked, if you need to hang Europe and America, please attach to the AUDUSD chart)
    • 5. After adding the chart, set the EA parameter. In the “Common” option, select “Multi-empty position” and check the box in front of “Allow real-time automatic trading”
    • 6, in the “input parameters”, set the relevant parameters, generally modify the number of single hand, jiacang distance, loss ratio, 10,000 US dollars according to the minimum parameter settings, after setting “confirm
    • 7. After setting the EA parameters, start the EA. In the “Tools” – “Options” – “EA” – check “Allow DLL import” to confirm