Remember to authorize this url in WebRequest options in MT4
You can choose any currency pairs you want (I recommend major pairs with less spread) as long as you have them active on MT4 Market Watch.
If the EA is configured to trade in Favor of Market Sentiment, it will open trades in currency pairs that are equal to or higher than the default percentage value chosen (Default 80, but you can choose the percentage you want) and close if it goes down. at 50%
If you want to choose to trade Against of Market Sentiment, suppose that the market sentiment is more than 80% Long in EURUSD, then the EA would open a sell order in EURUSD and the order would be closed when the Long drops to 50%
Leave your comments and suggestions, how are you more profitable, operating for or against, with what percentages and any questions, let me know
Greetings!
Re: Forex Sentiment Trader MT4 Free EA - Trade With or Against the Market Sentiment
Posted: Tue Apr 02, 2024 11:21 am
by ChuChu Rocket
winidecorw wrote: Tue Apr 02, 2024 7:33 am
I have created this Free MT4 EA to test if it is more profitable to trade in favor of the mass sentiment of traders or it is better to go against it.
This is very neat and the appearance has a really nice feel to it. Even though it pulls data from Myfxbook there's no lag.
I wonder what other unique utilities you have.
Re: Forex Sentiment Trader MT4 Free EA - Trade With or Against the Market Sentiment
Posted: Tue Apr 02, 2024 5:16 pm
by winidecorw
Thanks!
The first reading of data from the website is done when starting the EA. The following loads are done approximately every 1 hour, to avoid the IP limits that Myfxbook has, since if you reach the limit, the website does not load
Re: Forex Sentiment Trader MT4 Free EA - Trade With or Against the Market Sentiment
Posted: Fri Apr 05, 2024 8:06 am
by fredysotoj2016
winidecorw wrote: Tue Apr 02, 2024 7:33 am
I have created this Free MT4 EA to test if it is more profitable to trade in favor of the mass sentiment of traders or it is better to go against it.
Check the video:
The EA is multi-currency and open or close orders based on the website:
Remember to authorize this url in WebRequest options in MT4
You can choose any currency pairs you want (I recommend major pairs with less spread) as long as you have them active on MT4 Market Watch.
If the EA is configured to trade in Favor of Market Sentiment, it will open trades in currency pairs that are equal to or higher than the default percentage value chosen (Default 80, but you can choose the percentage you want) and close if it goes down. at 50%
If you want to choose to trade Against of Market Sentiment, suppose that the market sentiment is more than 80% Long in EURUSD, then the EA would open a sell order in EURUSD and the order would be closed when the Long drops to 50%
Leave your comments and suggestions, how are you more profitable, operating for or against, with what percentages and any questions, let me know
Greetings!
I have this error in the Backtest : 2024.04.04 17:04:58.424 2024.02.07 11:00:00 Testing pass stopped due to a critical error in the EA
Re: Forex Sentiment Trader MT4 Free EA - Trade With or Against the Market Sentiment
Posted: Fri Apr 05, 2024 11:16 am
by winidecorw
Hello! You cannot backtest this EA since the EA reads the data from the current Myfxbook website, the EA does not have historical Sentiment data, so you can only test in a live demo, (it is recommended to test in a demo) although it would also work in real
Re: Forex Sentiment Trader MT4 Free EA - Trade With or Against the Market Sentiment
Posted: Fri Apr 05, 2024 11:40 am
by ChuChu Rocket
fredysotoj2016 wrote: Fri Apr 05, 2024 8:06 am
I have this error in the Backtest : 2024.04.04 17:04:58.424 2024.02.07 11:00:00 Testing pass stopped due to a critical error in the EA
You can't backtest this EA it's to help you make trading decisions for manual trading, not to trade automatically for you.
Please read the 1st post it's a very neat utility
Re: Forex Sentiment Trader MT4 Free EA - Trade With or Against the Market Sentiment
Posted: Sat Apr 06, 2024 3:22 am
by fredysotoj2016
ChuChu Rocket wrote: Fri Apr 05, 2024 11:40 am
You can't backtest this EA it's to help you make trading decisions for manual trading, not to trade automatically for you.
Please read the 1st post it's a very neat utility
I already have read the post and follow Your instructions, but let me check maybe I make some mistake, thanks
Re: Forex Sentiment Trader MT4 Free EA - Trade With or Against the Market Sentiment
Posted: Sat Apr 06, 2024 3:44 am
by winidecorw
Hi!
The EA can be used like indicator & can trade automatically tu but in live trading not in backtest... You can choose the percentages in which a trade should be opened or closed to your liking, and you can choose whether to trade with or against the market sentiment of Myfxbook sentiment page.
Re: Forex Sentiment Trader MT4 Free EA - Trade With or Against the Market Sentiment
Posted: Fri Apr 26, 2024 10:53 am
by Narutopips
It has a limited number of pairs that can be added. am i right?
Re: Forex Sentiment Trader MT4 Free EA - Trade With or Against the Market Sentiment
