e-PS I Manager Trailing
This is a powerful addition to your MetaTrader 4 toolkit designed to optimize market analysis and performance. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use e-PS I Manager Trailing
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
Description & Settings
The purpose of the Expert Advisor - support orders.
First let's define "what orders?". Filtering can be performed by Magik
(MG):
> 0 - every; 0 - open manually; > 0 - open a specific advisor, then we can choose a list of symbols with whom to work EA
(List_Symbols)
(symbol put this through, "" without gaps, if you leave this option blank - Advisor will work with any symbol) and then put
OnlyCurrentSymbol
= false.
Determine which orders will work Expert Advisor, further define its task by identifying with what "dimension" to it to work -
ValueInCurrency
(or currency deposits or a percentage of the depot), then:
TrailProfit_ON
- inclusion of trailing total profit;
TakeProfit_ON
- inclusion Take total profit;
StopLoss_ON
- the inclusion of foot total profit;
PartClose_ON
- a partial closure orders;
N_Trailing
- is trailing (only orders of the current symbol) to choose from 0 to 11 ( trailing).
What else you need to consider when working with EA: if enabled Trailing profit and total profit value of the selected orders exceeded the threshold of this very trailing, then the partial closure orders, and "personal" trailing WILL NOT be!
