MT4 Automated Trading FAQ

Can I trade from Expert Advisor?

Yes, For Algo trading with any Expert Advisor in MT4 or MT5, you simply need to add the automation code. See here instructions and video.

Can you give some good Index Options Strategies for MT4?

Here is the list of Index Options strategies for full automation with MT4

1. Alligator Expert Advisor for Index Options
2. RSI Expert Advisor for Index Options
3. Bollinger Band Expert Advisor for Index Option
4. Commodity Channel Index Expert Advisor for Index Options
5. Stochastic Expert Advisor for Index Options
6. Accumulation Distribution Expert Advisor for Index Option
7. DeMark Expert Advisor for Index Option
8. Elder-Ray Expert Advisor for Index Option
9. Envelope Expert Advisor for Index Option
10. 3 Moving Average Crossover Expert Advisor for Options
11. RVI Expert Advisor for Index Options
12. MACD+Stochastic Expert Advisor for Index Options
13. MACD+RSI Strategy Expert Advisor for Index Options
14. MACD Expert Advisor for Index Options
15. Ichimoku Expert Advisor for Index Options
16. Moving Average Expert Advisor for Index Options

Can you give some good strategies for MT4?

List of strategies for full automation with MT4:

1. Awesome Oscillator+Alligator Strategy for MT4
2. Ichimoku+RSI Strategy for MT4
3. Accumulation Distribution Strategy for MT4
4. Bollinger Band Strategy for MT4
5. Stochastic Strategy for MT4
6. Parabolic SAR+Stocastic Strategy for MT4
7. RSI Strategy for MT4
8. Parabolic SAR + EMA Strategy for MT4
9. RVI Strategy for MT4
10. Parabolic SAR Strategy for MT4
11. Oscillator of a Moving Average Strategy for MT4
12. MACD+Stochastic Strategy for MT4
13. MACD+RSI Strategy for MT4
14. MACD Strategy for MT4
15. Moving Average Crossover Strategy for MT4
16. Ichimoku Strategy for MT4
17. Envelope Strategy for MT4
18. Elder-Ray Index Strategy for MT4
19. DeMark Strategy for MT4
20. Commodity Channel Index Strategy for MT4
21. Awesome Oscillator Strategy for MT4
22. Alligator Strategy for MT4
23. SuperTrend EA for MT4

Can you give some good strategies for MT5?

List of strategies for full automation with MT5:

1. Accelerator Strategy for MT5
2. Accumulation Distribution Strategy for MT5
3. Stochastic Strategy for MT5
4. RVI Strategy for MT5
5. RSI Strategy for MT5
6. Parabolic SAR Strategy for MT5
7. Oscillator of a Moving Average Strategy for MT5
8. MACD+Stochastic Strategy for MT5
9. MACD+RSI Strategy for MT5
10. MACD Strategy for MT5
11. Ichimoku+RSI Strategy for MT5
12. Ichimoku Strategy for MT5
13. Envelope Strategy for MT5
14. DeMark Strategy for MT5
15. Commodity Channel Index Strategy for MT5
16. Bollinger Band Strategy for MT5
17. Awesome Oscillator+Alligator Strategy for MT5
18. Awesome Oscillator Strategy for MT5
19. Alligator Strategy for MT5
20. Average Directional Index for MT5

Can I do risk management or position from MT4 EA?

Yes, see here how to control order params in your MT4 code. See here how to edit your EA.

How to trade in options with auto strike selection?

See here how to control order params including option strike. Here is a sample EA code for option auto strike selection.

How to trade in multiple stocks in MT4 using Algo trading?

APIBridge automation code for MT4 is very light weight. You can easily open 50 charts in MT4 for algo trading on a average computer.

How to do paper trading or simulated trading in MT4?

APIBridge allow you paper trading mode, to test out the entire setup, see here. See here features allowed in paper trading.
In MT4, Strategy Tester does not always generate proper signals. We recommend you to use MT4 live charts for paper trading with APIBridge.

How to trade in BO or CO?

As sample code, the chart trader EA allows you to place SL/TGT/BO/CO from chart itself. See the jumpstart tutorial.
For incorporating BO/CO in your own EA, see syntax here.

How to apply TSL?

You can apply TSL either through (1) TSL feature in BO give by your broker (2) TSL based exit in EA code.
If you broker allows to provide TSL in BO, see example here for signal syntax.

How to apply SL and TGT?

You can apply SL/TGT either through (1) SL/TGT feature in BO/CO give by your broker (2) SL/TGT based exit in EA code.
If you broker allows to provide SL/TGT in BO, see example here for signal syntax. The jumpstart EA shows you how implement SL/TGT at MT4 level.

How to trade in MCX using MT4 with Algo Trading?

You can trade in MCX just like you trade in NSE futures, please complete Jumpstart tutorial to setup your MT4 for MCX.

How to trade positional strategy in MT4?

Please see here some useful settings in APIBridge which will help you in positional trading. APIBridge will receive signals from MT4 and based on the signals create your overnight positions.

Do I need to purchase MT4? What about RT data to MT4?

You can get MT4 software with RT data from any vendor which provides live data for MT4. Just google search for MT4 vendors https://www.google.com/search?q=nse+mt4+data

What is the cost of complete setup for automation with MT4 Algo Trading?

Complete setup cost stats with 0 (free) and goes up based on your trading requirements. For semi-auto, you can start with MT4 trial version and free APIBridge (paper trading). You can take paid APIBridge version for full automation and also add Paid MT4. Finally, you can even add VPS for uninterrupted trading. For APIBridge subscription visit www.algoji.com For MT4 vendors see https://www.google.com/search?q=nse+mt4+data

What are the common problems in MT4 connection?

You may face issues based on MT4 server, please test the MT4 provided by your data vendor during free trial. See here server issues.