Invincible EA Script User Guide

Introduction

In the vast ocean of financial trading, algorithmic trading, or more commonly known as EA (Expert Advisor), is increasingly becoming a powerful tool for modern traders. An EA script is a program written in specific programming languages (such as MQL4 or MQL5) that can automatically execute trading commands and implement preset trading strategies. EA scripts are tightly integrated with the MetaTrader 4 (MT4) trading platform, where MT4 provides the environment for running, testing, and optimizing EAs, while the EA obtains market data, sends trading commands, and manages funds through the MT4 platform.

This user guide aims to help you quickly get started with Invincible EA Script, an EA script designed for specific trading strategies. For ease of understanding, this guide will briefly introduce the basic installation of the MT4 platform and deployment of EA scripts, focusing on how to successfully run Invincible EA Script on your MT4 platform. Please note that for your convenience in experiencing and verifying Invincible EA Script's functionality, the EA script you download can only be used on demo accounts. This guide is limited to basic installation and usage; advanced settings and strategy optimization require further research and practice. If you need to purchase the official version of Invincible EA Script for live trading, please contact chenstone03@gmail.com for more information.

Preparation

Before using Invincible EA Script, you need to download the following files:

• MT4 trading platform installation program: This is the necessary software to run EA scripts. You can download it from the MT4 official website, which supports Windows, Android phones, and Apple phones. Please note the difference between MT4 and MT5 software, this EA only supports MT4.
• Invincible EA script file: Contains the code for running Invincible EA Script. You can download it from here.
• Batch cancellation script file: Used for batch canceling pending orders. You can download it from here.

1. MetaTrader 4 (MT4) Installation

Get installation program: Visit the MT4 official website to download the corresponding platform installation program. Please note the difference between MT4 and MT5, this EA only supports MT4 platform.

Installation Steps:

• Double-click the downloaded installation program.
• Read and accept the license agreement.
• Select the installation path (it is recommended to use the default path).
• Click "Next" (Next) to install.
• After installation is complete, start MT4 platform.

Setting up a demo account (Demo Account):

• After starting MT4 platform, it will usually prompt you to log in or create an account.
• Select "Create a demo account".
• Fill in your personal information.
• Select your broker.
• Set the parameters of the demo account, such as funds and leverage.
• Log in to your demo account.

Account login: After installation is complete, use the real account or demo account provided by your broker to log in.

2. Installing Invincible EA Script

Get EA script file: Ensure you have downloaded the "Invincible EA" script file (in .ex4 format).

Installation Steps:

• Open MT4 platform.
• Click "File" (File) -> "Open Data Folder" (Open Data Folder).
• In the opened folder, enter the MQL4 (or MQL5) folder.
• Enter the Experts folder.
• Copy the downloaded "Invincible EA" script file to the Experts folder.
• Close MT4 platform (very important).
• Restart MT4 platform.

Confirm EA Installation:

• In the "Navigator" (Navigator) window on the left side of the MT4 platform, expand the "Expert Advisors" (Expert Advisors) directory.
• You should see the "Invincible EA" Script icon, which indicates that the EA has been installed successfully.

3. Using Invincible EA Script

Invincible EA script is an automatic trading system designed for specific trading strategies. Its main function is:

• Automatically determine trading opportunities based on technical indicators (such as moving averages, MACD, etc.) and market conditions.
• Automatically issue trading commands (buy/sell) and close positions at preset stop-loss and take-profit levels.
• Automatically manage position sizes, such as using fixed lots or position size calculations based on capital ratio.

Starting Invincible EA Script:

• Open the currency pair chart you want to trade (for example, EURUSD, XAUUSD).
• Right-click on the chart and select "Expert Advisors" (Expert Advisors) -> "Invincible EA".
• Or drag the EA script directly onto the chart.

EA Parameter Setting:

After the EA is added to the chart, a settings window will pop up. You can set various parameters in the "Inputs" (Inputs) tab.

After setting, click "OK" (OK) to take effect.

Enable Automatic Trading:

• Ensure the "Auto Trading" (Auto Trading) button in the MT4 platform toolbar is turned on (usually displayed in green). If it is gray, it means automatic trading is not turned on.
• Ensure there is a smile in the upper right corner of the chart and the smile is smiling (indicating that the EA is activated).

Batch Cancellation:

4. Trading Monitoring and Management

• Monitor trading: After the EA starts, you can observe the trading situation on the chart and the trading records in the terminal (Terminal) window.
• Adjust parameters: You can adjust the parameters of the EA according to market conditions and your trading goals at any time.
• Manual intervention: If necessary, you can manually close or modify the trading of the EA.
• Risk management: Strictly control position size, set stop loss, pay attention to market risks, and act according to your capabilities.