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Ultimate Arrows EA is an MT4 expert advisor that opens trades on channel-based arrow signals and adds averaging orders when price moves against the position. It has time filters, two exit methods and an on-chart panel.
Get one message the moment it launches, with its price.
Ultimate Arrows EA is an expert advisor for MetaTrader 4 that trades from channel-based arrow signals. It enters when price reaches the edge of a channel, adds averaging orders if the market keeps moving against the position, and closes trades by a signal in the opposite direction, by a fixed take profit, or by whichever comes first.
The EA builds a channel from an indicator and watches for price to cross its lower or upper level. A cross of the lower level can open a buy and a cross of the upper level can open a sell. If price then moves against the open trade, the EA can open further orders in the same direction once a set distance in pips has passed and a new signal appears. Each extra order is sized with a multiplier, which makes this a martingale-style grid. The breakeven level of all open orders is drawn on the chart as a yellow line.
The EA can be attached to any symbol and timeframe. Short distances and small targets give a scalping profile, while larger values give a slower, longer holding profile. The defaults will not fit every market, so expect to test and set the inputs separately for each instrument and timeframe you use.
The main inputs are listed below. Check the values shipped with your copy and test them before trading.
| Input | Purpose |
|---|---|
| Use time control 1 and 2 | Limit trading to chosen time windows; when off, the EA works around the clock |
| Lot | Size of the first order, minimum 0.01 |
| Mult 0 | Multiplier applied to each averaging order |
| Distance 0 | Distance in pips before a new signal can open the next position |
| Close by reverse signal | Turns on exit by an opposite signal |
| Min profit for signal close | Profit filter in pips for the opposite-signal exit |
| Use fix TP and Profit 0 | Turns on a fixed take profit and sets its size in pips |
| Magic Number | Separates orders when several charts run on one terminal |
| Font size | Text size on the chart panel |
The panel shows the traded symbol, the number of open buy and sell orders, the current floating profit or drawdown, and the closed profit for the day, week and month. Two buttons let you close all buy orders or all sell orders by hand.
Averaging with a multiplier means position size grows while the market moves against you. A long one-sided move can cause a large drawdown or a margin call. Keep the first lot small, consider a cent account or a deposit large enough for the settings you choose, and confirm leverage and margin rules with your broker.
Trading carries risk, and you can lose some or all of your deposit. Past results, including back-tests, do not predict future ones. Test on a demo account before using real funds.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | Scalping, Signals |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Trade style | Signal-based entries with martingale-style averaging; scalping to longer holding |
| Markets | Any symbol; settings must be adjusted for each instrument |
| Timeframes | Any; settings must be adjusted for each timeframe |
| Position sizing | Fixed first lot, multiplier for each averaging order |
| Exit methods | Opposite signal with minimum profit filter, fixed take profit in pips, or both |
| Requirements | Automated trading enabled in the MT4 terminal and a running chart |
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No. This listing is the MetaTrader 4 version and is built for MT4 only. Do not attach it to an MT5 terminal.
Unpack the download and copy the expert advisor file into the MQL4/Experts folder through File, Open Data Folder in MT4. Restart the terminal or refresh the Navigator, drag the EA onto a chart and enable automated trading. If the EA relies on a separate indicator file, place that in MQL4/Indicators as well.
Averaging with a lot multiplier can build large positions during a strong one-sided move, so drawdowns can grow quickly. Test on a demo account first, keep the first lot small and check the settings and your broker's leverage and margin rules before going live. Trading carries risk and past results do not predict future ones.
The EA can be attached to any symbol and timeframe, but the defaults will not suit every instrument. Distance, multiplier and profit values should be tested and adjusted for each market you trade.
Yes, but give each chart a different Magic Number so the EA can tell its own orders apart from those on other charts.
No specific broker is stated. Check that your broker allows automated trading, multiple orders in the same direction and the lot sizes you intend to use. A demo test on the same broker is a sensible first step.
Ultimate Arrows EA
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