MetaForecast M4

[TopicStarter]

Introduction​

Meet MetaForecast M4, a Forex trading robot developed by the EASY Trading Team. Designed to capitalize on ZigZag extremum breakouts, this EA promises to enhance your trading experience. However, like any other trading system, it comes with its own set of quirks and room for improvement. Let's dive into how to install, configure, and optimize MetaForecast M4 for maximum efficiency.

Installation and Setup​

Setting up MetaForecast M4 is straightforward, but you need to follow these steps carefully:

• Download the EA: Visit MetaForecast M4 Trading Robot and download the EA file.
• Move the EA to the correct folder: Place the downloaded .ex5 file into the 'Experts' folder of your MetaTrader 5 directory.
• Restart MetaTrader 5: Restart your trading terminal to recognize the new EA.
• Attach the EA to a chart: Open a chart of your preferred currency pair and drag MetaForecast M4 onto it.
• Configure settings: Adjust the input parameters such as MaxSpread, MaxNumberTrades, and trading hours according to your strategy.
• Enable Algo Trading: Ensure that Algo Trading is enabled in your MetaTrader 5 terminal.

Experience Using MetaForecast M4​

Using MetaForecast M4 is like driving a reliable, albeit slightly quirky, car. It gets the job done, but you might find yourself tweaking the settings more often than you'd like. The robot opens trades based on ZigZag extremum breakouts, which can be a double-edged sword. On one hand, it captures significant market movements; on the other, it can get caught in false breakouts.

Werner Majer, a user, rated it 4 out of 5, noting, There are definitely improvements to be made, but not bad for starters. This sentiment is echoed by many who find the EA useful but not without its flaws.

Tips for Improvement​

Here are some tips to get the most out of MetaForecast M4:

• Optimize Parameters: Regularly backtest and optimize the EA settings to adapt to changing market conditions.
• Use a VPS: For uninterrupted trading, consider using a Virtual Private Server (VPS).
• Combine with Other Indicators: Enhance the EA's performance by combining it with other technical indicators like Moving Averages or RSI.
• Monitor News Events: Enable the NewsFilter to avoid trading during high-volatility news events.
• Manual Intervention: Don't hesitate to manually intervene if the market conditions drastically change.

Source Code of MetaForecast M4​

The original source code of MetaForecast M4 is not publicly available. However, we have created a sample code based on the description provided on MQL5. This code is an approximation and not the exact replica of the original robot sold on MQL5. If you have any questions about the code, feel free to ask. Remember, the EASY Trading Team does not sell MetaForecast M4; we only created a code based on its description.

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Download MetaForecast M4 Trading Robot​

For those interested in trying out MetaForecast M4, you can download it from MetaForecast M4 Trading Robot. This example code from easytradingforum.com is based on the description of the MetaForecast M4 robot sold on MQL5. If you have any questions or need further assistance, don't hesitate to reach out.

By following this guide, you should be well on your way to maximizing the potential of MetaForecast M4. Happy trading!

 

[Lucas Mendoza]

It would be useful to know which timeframe works best as there are slight variances. I still need to test out the new update. As an avid debater and critic, I love discussing the FxRobotEasy trading systems, adding depth to the discussion through thorough analysis and sensible doubt.

 

[Hiroshi Nakamoto]

I've been experimenting with various settings to find that perfect combination, similar to the ones shown in the overview pictures. Despite numerous trials, consistency still eludes me. Any guidance or tips would be greatly appreciated!