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Smart Signals EA

(9 customer reviews)

$22.88$48.05

Transform your trading experience with the Smart Signals EA. Moreover, this cutting-edge Expert Advisor harnesses the power of Fibonacci levels and candlestick pattern recognition. Consequently, it delivers highly accurate market signals. Furthermore, it offers customizable settings for lot size, take profit, and stop loss. Additionally, the optional Martingale strategy ensures Smart Signals EA adapts to your unique trading style and risk tolerance.
Whether you’re a novice or an experienced trader, Smart Signals EA provides a robust, automated trading solution. Designed to optimize your trading performance, it helps you achieve consistent and profitable results.

Trading Guidelines

☑️ Suitable instruments: Forex, Commodities, Indices, Stocks and Crypto
☑️ Suitable timeframes: Daily, 4 Hours, 1 Hours, 30 Minutes, 15 Minutes, 5 Minutes

Software Information

☑️ Unlimited Installations
☑️ Lifetime Licence
☑️ All currency pairs

Guaranteed Safe Checkout
  • Our expert advisor comes without preset input parameters, giving you the freedom to backtest and find the best settings that fit your trading style, ultimately helping you achieve success.

Enhance Your Trading Strategy with Smart Signals EA

Welcome to the Smart Signals EA (Expert Advisor) for Metatrader 4 (MT4) – your ultimate trading companion designed to deliver accurate and timely market signals. Moreover, this innovative EA leverages advanced technical indicators and pattern recognition to help you make informed trading decisions. Whether you’re a beginner or an experienced trader, Smart Signals EA empowers you to navigate the forex market with confidence and precision.

Unlock the secrets to financial success with Smart Signals EA! Dive into our exclusive guide at How to Be Profitable and Make Money Trading Smart Signals EA and discover cutting-edge strategies that will revolutionize your trading journey. Learn how to optimize your trades, enhance profitability, and achieve consistent gains with this powerful EA. Moreover, this guide is packed with unique tips and techniques, making it a must-read for anyone serious about elevating their trading game. Don’t miss out on this incredible opportunity to secure your financial future – start your journey today!

How It Works: Intelligent Market Analysis for Optimal Trades

Smart Signals EA combines Fibonacci levels, candlestick patterns, and advanced risk management strategies to generate high-probability trading signals. Here’s how it operates:

  • Buy Signal: When the current price nears a predefined Fibonacci support level and a bullish candlestick pattern appears within a certain tolerance, the EA triggers a buy order.
  • Sell Signal: The EA initiates a sell order when the current price approaches a Fibonacci resistance level and identifies a bearish candlestick pattern within the specified tolerance.
  • Martingale Strategy: Optionally, the EA employs a Martingale strategy to enhance potential profits by increasing trade sizes after losses.
  • Trailing Stop Mechanism: Furthermore, the EA includes a trailing stop feature to lock in profits as the market moves favorably.

Key Features: Unlock the Power of Smart Signals EA

  1. Precision Signal Generation:
    • Fibonacci Levels: Utilizes Fibonacci support and resistance levels for accurate market entry points.
    • Candlestick Pattern Detection: Recognizes key candlestick patterns to validate trading signals.
  2. Customizable Parameters:
    • Lot Size Adjustment: Easily set your desired lot size for each trade.
    • Take Profit and Stop Loss: Define your profit targets and risk limits with customizable take profit and stop loss settings.
    • Trailing Stop: Secure profits with a trailing stop mechanism that adjusts as the market moves.
  3. Advanced Risk Management:
    • Martingale Strategy: Optionally activate the Martingale strategy to increase trade sizes after losses, aiming to recover previous losses and achieve net profits.
    • Close on Opposite Signal: Additionally, the EA automatically closes trades when it detects an opposite signal, thus minimizing potential losses.

Why Choose Smart Signals EA: Your Edge in the Forex Market

Smart Signals EA stands out with its intelligent integration of Fibonacci levels and candlestick pattern detection, thus providing a robust and reliable trading solution. Its extensive customization options allow you to tailor the EA to your specific trading style and risk tolerance.
Moreover, the optional Martingale strategy offers an additional layer of profitability, while the trailing stop feature protects your gains. Furthermore, by choosing Smart Signals Expert Advisor for Metatrader 4, you gain a powerful tool that enhances your trading performance and helps you achieve consistent, profitable results.

Transform Your Journey with Smart Trading

Elevate your trading experience with the KOKOSHELL Smart Signals EA for Metatrader 4. This Expert Advisor delivers a comprehensive, automated trading solution, leveraging the advanced capabilities of Fibonacci levels and candlestick pattern recognition. Furthermore, extensive customization, robust risk management, and an optional Martingale strategy enable Smart Signals Expert Advisor to optimize your trading outcomes.
Additionally, by leveraging the power of Smart Signals MT4 Expert Advisor, you can confidently navigate the complexities of the forex market and achieve your financial goals with precision and ease.

Expert Advisor Settings:

  1. Lot size for trading: The size of each trade lot.
  2. Take profit in points: Defines the number of points at which a trade will automatically close in profit. For example, if set to 50 points, the trade will close when it gains 50 points.
  3. Stop loss in points: Defines the number of points at which a trade will automatically close to limit losses. For example, if set to 30 points, the trade will close when it loses 30 points.
  4. Trailing start in points: The number of points in profit a trade must reach before the trailing stop mechanism is activated. For example, if set to 15 points, the trailing stop will activate once the trade is 15 points in profit.
  5. Trailing stop in points: The number of points to trail the stop loss behind the current price once the trailing start is activated. For example, if set to 15 points, the stop loss will trail 15 points behind the current price.
  6. Magic Number: A unique identifier for the trades placed by this Expert Advisor, used to distinguish its trades from others.
  7. Maximum total number of open trades: The maximum number of trades that can be open at any one time. For example, if set to 1, the EA will not open more than 1 trade simultaneously.

Indicator Settings:

  1. Fibonacci Support Level: Defines the Fibonacci level to be used as a support level. For example, 0.618 represents the 61.8% Fibonacci retracement level.
  2. Fibonacci Resistance Level: Defines the Fibonacci level to be used as a resistance level. For example, 0.382 represents the 38.2% Fibonacci retracement level.
  3. Tolerance in pips: The allowable tolerance in pips for price proximity to Fibonacci levels. For example, if set to 10 pips, the EA will consider prices within 10 pips of the Fibonacci levels as significant.
  4. Enable candlestick pattern detection: Allows the EA to use candlestick pattern detection as part of its decision-making process. If set to true, the EA will look for specific candlestick patterns.
  5. Number of previous candles to consider for pattern detection: The number of previous candles to analyze for detecting candlestick patterns.

Achieving success with this Expert Advisor (EA) relies heavily on understanding and correctly configuring each input parameter. The parameters allow for precise control over the trading strategy, including how trades are opened, managed, and closed. By tailoring these settings to suit your trading goals and market conditions, you can optimize the performance of the EA. Proper configuration of the Take Profit, Stop Loss, and Trailing mechanisms ensures effective risk management, while the use of Fibonacci levels and candlestick patterns helps in identifying optimal entry and exit points. Understanding and leveraging these parameters correctly can significantly enhance your trading strategy and increase the likelihood of achieving consistent success.

Expert Advisor Settings:

  1. Lot size for trading: The size of each trade lot.
  2. Take profit in points: Defines the number of points at which a trade will automatically close in profit. For example, if set to 50 points, the trade will close when it gains 50 points.
  3. Stop loss in points: Defines the number of points at which a trade will automatically close to limit losses. For example, if set to 30 points, the trade will close when it loses 30 points.
  4. Trailing start in points: The number of points in profit a trade must reach before the trailing stop mechanism is activated. For example, if set to 15 points, the trailing stop will activate once the trade is 15 points in profit.
  5. Trailing stop in points: The number of points to trail the stop loss behind the current price once the trailing start is activated. For example, if set to 15 points, the stop loss will trail 15 points behind the current price.
  6. Magic Number: A unique identifier for the trades placed by this Expert Advisor, used to distinguish its trades from others.
  7. Maximum total number of open trades: The maximum number of trades that can be open at any one time. For example, if set to 1, the EA will not open more than 1 trade simultaneously.
  8. Close on Opposite Signal: Determines whether to close trades when an opposite trading signal is generated. If set to true, the EA will close open trades when the conditions for an opposite trade are met.

Indicator Settings:

  1. Fibonacci Support Level: Defines the Fibonacci level to be used as a support level. For example, 0.618 represents the 61.8% Fibonacci retracement level.
  2. Fibonacci Resistance Level: Defines the Fibonacci level to be used as a resistance level. For example, 0.382 represents the 38.2% Fibonacci retracement level.
  3. Tolerance in pips: The allowable tolerance in pips for price proximity to Fibonacci levels. For example, if set to 10 pips, the EA will consider prices within 10 pips of the Fibonacci levels as significant.
  4. Enable candlestick pattern detection: Allows the EA to use candlestick pattern detection as part of its decision-making process. If set to true, the EA will look for specific candlestick patterns.
  5. Number of previous candles to consider for pattern detection: The number of previous candles to analyze for detecting candlestick patterns.

Martingale Settings:

  1. Activate Martingale Yes/No: Determines whether the Martingale strategy is enabled. If set to true, the Martingale strategy will be used.
  2. Lot Multiplier for Martingale Trades: The factor by which the lot size is increased after a losing trade. For example, if set to 2.0, the lot size will double after each loss.
  3. Step for Martingale in Pips: The number of pips of loss required to trigger the next Martingale trade. For example, if set to 20 pips, the next trade will be triggered after a 20-pip loss.
  4. Maximum Martingale Total Trades: The maximum number of Martingale trades that can be open at any one time. For example, if set to 3, no more than 3 Martingale trades will be opened.

Achieving success with this Expert Advisor (EA) relies heavily on understanding and correctly configuring each input parameter. The parameters allow for precise control over the trading strategy, including how trades are opened, managed, and closed. By tailoring these settings to suit your trading goals and market conditions, you can optimize the performance of the EA. Proper configuration of the Take Profit, Stop Loss, and Trailing mechanisms ensures effective risk management, while the use of Fibonacci levels and candlestick patterns helps in identifying optimal entry and exit points. Enabling and configuring the Martingale settings can help recover losses, but must be used cautiously due to the high risk involved. Understanding and leveraging these parameters correctly can significantly enhance your trading strategy and increase the likelihood of achieving consistent success.

In the latest v.5 of the Smart Signals EA, two new input parameters have been introduced to significantly enhance risk management and trading efficiency: Daily Target Settings and Time Settings. These features provide traders with advanced control over their trading activities, ensuring disciplined and optimized trading strategies. By setting specific parameters for daily profit and loss limits, as well as defining precise trading hours, these new settings help traders achieve consistent success while minimizing risks. Below, we explore the detailed functionalities of these settings and their importance in effective trading.

Daily Target Settings

  1. Activate Max Daily Loss: This parameter enables the feature to set a maximum loss limit for the day. By activating this setting, traders can ensure that their total daily losses do not exceed a predefined threshold, protecting their capital from significant drawdowns.
  2. Maximum Daily Loss in USD: This setting defines the maximum allowable loss in USD for a single trading day. If the total losses reach this amount, the EA will stop opening new trades, preventing further losses and helping to preserve the trading account.
  3. Activate Max Daily Profit: This parameter enables the feature to set a maximum profit target for the day. Activating this setting allows traders to lock in their profits once a certain profit level is achieved, ensuring that gains are secured without the risk of market reversals eroding the profit.
  4. Maximum Daily Profit in USD: This setting specifies the maximum profit target in USD for a single trading day. Once this profit target is met, the EA will halt trading activities, thereby securing the gains for the day and preventing overtrading.

Time Settings

  1. Enable Open/Close Time: This parameter allows traders to define specific times during which trades can be opened. By enabling this setting, traders can restrict trading activities to specific hours of the day, aligning trading operations with preferred market conditions or personal schedules.
  2. Open Trades Time (HH:MM): This setting specifies the exact time when the EA is allowed to start opening new trades. It ensures that trades are initiated only during the predefined trading window.
  3. Close Trades Time (HH:MM): This setting defines the exact time when the EA should stop opening new trades. By setting a closing time, traders can avoid entering new positions late in the day or during less favorable market conditions.
  4. Enable Close All Time: This parameter activates the feature to close all open trades at a specific time. It ensures that no trades are left open beyond a certain time, thereby avoiding overnight risks or unplanned exposure.
  5. Close all Trades Time (HH:MM): This setting specifies the exact time when all open trades should be closed. It helps in wrapping up trading activities for the day and managing the risks associated with holding positions beyond the intended trading hours.

The introduction of Daily Target Settings and Time Settings in v.5 of the automated trading software represents a significant advancement in trading risk management. The Daily Target Settings allow traders to cap daily losses and secure profits, ensuring that trading activities remain within safe and predefined limits. This is crucial for preserving capital and maintaining a disciplined approach to trading. The Time Settings offer traders the ability to control trading windows, aligning their activities with optimal market conditions and personal schedules. By defining precise trading hours and ensuring that trades are not left open beyond intended periods, these settings help minimize risks associated with unfavorable market conditions and overexposure. Together, these new features provide a robust framework for achieving consistent and profitable trading outcomes, making them indispensable for traders aiming to optimize their strategies and enhance their trading success.

Install the Expert Advisor

  1. Download and Run MetaTrader 4 App
    • Visit the MetaTrader 4 official website and download the application.
    • Follow the installation instructions to set up MetaTrader 4 on your computer.
  2. Select ‘File’ from the Main Menu
    • Open MetaTrader 4 and look at the top menu bar.
    • Click on ‘File’ to open a dropdown menu.
  3. Open Data Folder
    • From the dropdown menu, click on ‘Open Data Folder.’ This action will open a new folder panel.
  4. Navigate to the ‘MQL4’ Folder
    • Inside the new folder panel, find and open the ‘MQL4’ folder.
    • Within ‘MQL4,’ locate the ‘Experts’ folder.
  5. Drag and Drop Your EA File
    • Drag and drop your Expert Advisor (EA) file into the ‘Experts’ folder.
  6. Restart MetaTrader 4
    • Close and reopen MetaTrader 4 to apply the changes and load your EA.

Verify Broker Compatibility

  • Ensure your broker supports EAs and has no restrictions on automated trading.

Backtest the EA's Strategy

  1. Open Strategy Tester Terminal
    • In MetaTrader 4, press Ctrl + R or go to ‘View’ and select ‘Strategy Tester.’
  2. Select the EA from the Dropdown
    • In the Strategy Tester panel, choose your EA from the dropdown menu.
  3. Configure the Backtest Settings
    • Select the symbol (currency pair) you want to test.
    • Choose the model (e.g., every tick) and set the date range for your test.
  4. Adjust Expert Properties
    • Click on ‘Expert Properties’ to adjust the input parameters of your EA, such as LotSize, TakeProfitPoints, and StopLossPoints.
    • For each parameter, define a Start value (initial value), a Step value (increment value), and an End value (maximum value). This allows the Strategy Tester to run multiple iterations with different parameter settings to find the optimal configuration.
  5. Run the Backtest
    • Click ‘Start’ to run the backtest. MetaTrader 4 will simulate trades based on historical data.
  6. Analyze Optimization Results
    • After the backtest completes, go to the ‘Optimization Results’ tab to review the performance metrics and results.

Set Up a Demo Account

  • Create a demo account in MetaTrader 4 to test your EA in real market conditions without risking real money.

Run the Expert Advisor

  1. Ensure AutoTrading is On
    • In MetaTrader 4, make sure the ‘AutoTrading’ button on the toolbar is activated (green).
  2. Enable Automated Trading
    • From the menu, navigate to ‘Tools’ > ‘Options’ > ‘Expert Advisors.’
    • Ensure ‘Allow automated trading’ is checked.
  3. Load the EA onto a Chart
    • Open a chart for the desired symbol and timeframe.
    • Drag and drop your EA from the Navigator panel onto the chart.
  4. Adjust Settings Based on Backtest Results
    • Open the EA settings and adjust parameters to match the optimal settings found during backtesting.
    • Set the risk parameters to align with your trading strategy and risk tolerance.

Monitor and Adjust the EA

  • Continuously monitor the EA's performance, especially in the initial phase.
  • Make adjustments as needed based on performance and changing market conditions.

Learning and Support Resources

  • Utilize forums, tutorials, and support communities to learn more about using EAs and troubleshooting issues.

Getting started with your Expert Advisor involves a systematic process of installation, backtesting, and execution. Installing the EA on MetaTrader 4 is straightforward but crucial, ensuring that the platform recognizes and can run your EA. Backtesting is an essential step that allows you to evaluate the performance of your EA against historical data, providing insights into its potential profitability and risk management. By analyzing optimization results, you can fine-tune your EA’s parameters for optimal performance. Finally, running the EA on a live chart requires enabling auto-trading and carefully adjusting settings to reflect the findings from your backtesting phase. This meticulous approach not only helps in understanding how the EA operates but also in achieving consistent and successful automated trading results. Backtesting, in particular, is vital as it helps in identifying strengths and weaknesses in your strategy, allowing for informed adjustments before risking real capital. With careful setup and continuous monitoring, your journey into automated trading can be both rewarding and educational.

9 reviews for Smart Signals EA

  1. Juan Perez

    Smart Signals EA improved my trades. Profits are up!

  2. Maria Gonzalez

    Impressive tool, really enhanced my trading strategy. Took a bit to learn, but worth it.

  3. David Johnson

    This EA is fantastic! I’ve seen consistent gains and better trade accuracy.

  4. Sofia Rodriguez

    Smart Signals EA has changed my trading game. Profits have increased steadily.

  5. Lucas Martinez

    Great tool for refining strategies. Could use more customization options.

  6. Emma Hernandez

    Outstanding performance! My trading results have significantly improved.

  7. Miguel Rivera

    Solid EA. Helped me stay consistent with my trades.

  8. Ava Brown

    Highly recommend! This EA made my trading more profitable and efficient.

  9. Daniel Wilson

    This trading tool is a game-changer. It was incredibly easy to set up, and I saw impressive profits almost immediately. The strategic insights are invaluable, and the risk management features are excellent. This advisor has significantly improved my trading results. If you’re looking to make serious gains, look no further!

Only logged in customers who have purchased this product may leave a review.

How do I set the appropriate lot size for Smart Signals EA?

To set the appropriate lot size for Smart Signals EA, adjust the LotSize input parameter. The default is 0.1, but you should tailor this to your account size and risk tolerance. A smaller lot size reduces risk, while a larger lot size increases potential returns and risks. Ensure your broker’s margin requirements align with your chosen lot size to avoid over-leveraging. Proper lot sizing is crucial for effective risk management and ensuring sustainable trading performance.

What indicators does Smart Signals EA use?

Smart Signals EA employs Fibonacci levels and candlestick pattern detection for trading signals. It uses the FibonacciSupportLevel and FibonacciResistanceLevel parameters to determine potential support and resistance zones based on the previous day’s high and low prices. Additionally, it utilizes candlestick patterns within a specified lookback period (CandlestickLookback) to confirm trade signals. These indicators help identify high-probability entry and exit points, enhancing the EA's overall trading strategy.

How does Smart Signals EA manage trades using trailing stops?

The EA manages trades with trailing stops using the TrailStart and TrailStop parameters. When a trade’s profit exceeds the TrailStart level, the trailing stop activates, setting the stop loss at a distance specified by TrailStop. This mechanism adjusts the stop loss as the trade becomes more profitable, locking in gains while allowing the trade to continue benefiting from favorable market movements. This approach maximizes profits during trending markets and minimizes potential losses if the market reverses.

How does the EA use candlestick patterns for trade entries?

Smart Signals EA detects candlestick patterns using the UseCandlestickPatterns and CandlestickLookback settings. When enabled, the EA analyzes recent candles within the specified lookback period for patterns like bullish engulfing, hammer, and shooting star. These patterns provide additional confirmation for trade signals derived from Fibonacci levels. By combining candlestick pattern detection with other indicators, the EA increases the accuracy of its trade entries, aiming to enter trades with higher probability setups.

What is the purpose of the Martingale settings in Smart Signals EA?

The Martingale settings in Smart Signals EA aim to recover losses by increasing the lot size of subsequent trades after a losing trade. When enabled, the EA uses the MartingaleMultiplier and MartingaleStepPips settings to determine the lot size and step for Martingale trades. The MaxMartingaleTrades parameter limits the number of Martingale trades. This strategy can quickly recover losses but also increases risk, as consecutive losses can lead to substantial drawdowns. Use this feature cautiously and within your risk management framework.

How does Smart Signals EA handle risk management?

Smart Signals EA manages risk through several mechanisms. It sets fixed stop loss and take profit levels using the StopLossPips and TakeProfitPips parameters to limit losses and secure profits. The EA also includes a trailing stop feature to lock in gains as trades become profitable. Additionally, the MaxTotalTrades parameter limits the number of open trades, reducing the risk of over-exposure. By combining these features, the EA ensures robust risk management to protect your trading account.

Can Smart Signals EA trade multiple currency pairs simultaneously?

Yes, Smart Signals EA can trade multiple currency pairs simultaneously. To do this, you need to attach the EA to multiple charts, each representing a different currency pair. Ensure that each instance of the EA has a unique MagicNumber to differentiate its trades from those of other instances. This setup allows the EA to independently manage trades for each currency pair, leveraging its strategy across various market conditions and increasing potential profit opportunities.

How do I backtest Smart Signals EA effectively?

To backtest Smart Signals EA, use MetaTrader 4’s strategy tester. Select the EA, the desired currency pair, and the time frame. Ensure high-quality historical data for accurate results. Configure the EA’s parameters, such as lot size, stop loss, and take profit levels, to reflect your intended strategy. Run the backtest and analyze performance metrics like profit, drawdown, and win rate. Backtesting helps you evaluate the EA’s performance under different market conditions and optimize its settings before live trading.

What should I do if the EA’s performance is not meeting expectations?

If Smart Signals EA's performance is not meeting expectations, consider adjusting the input parameters to better align with current market conditions. Review the backtest results to identify potential issues. Ensure that the lot size, stop loss, and take profit levels are appropriate for your risk tolerance. Additionally, analyze whether the Martingale strategy, if enabled, is causing excessive drawdowns and adjust or disable it accordingly. Regularly optimizing the EA’s settings can improve its performance.

How does the CloseOnOpposite feature work in Smart Signals EA?

The CloseOnOpposite feature in Smart Signals EA automatically closes open trades when an opposite trade signal is generated. For example, if the EA has an open buy trade and a sell signal is detected, the buy trade will be closed before the sell trade is opened. This feature helps to lock in profits and minimize losses by ensuring the EA only maintains positions aligned with the current market trend. Enabling this feature can enhance the EA's responsiveness to changing market conditions.

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