Zakryvator
This software component for MetaTrader 4 is built to enhance the capabilities of your trading environment. 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 Zakryvator
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 EA closes orders, opened in the terminal, when certain loss is reached by them in the account currency. Including the orders opened for all other pairs on which the adviser is not installed. It can be put on any currency pair and it will keep track of all open orders.
It is possible to
vary the loss by the volume of the order
. For example, by default the maximum loss equals 4 (min_001_002=4) for orders with the volume of 0,01-0,02 lots (if the account is in dollars, then $4), and equals 30 (min_from1=30) at order volumes greater than 1 lot.
Attention:
possible slippage depending on the market conditions, as well as the broker!
Input Parameters:
min_001_002
— The maximum loss per orders with volumes starting from 0,01 (inclusive) to 0,02 lots (inclusive);
min_002_005
— The maximum loss per orders with volumes starting from 0,02 (inclusive) to 0,05 lots (inclusive);
min_005_01
— The maximum loss per orders with volumes starting from 0,05 (inclusive) to 0,1 lots (inclusive);
min_01_03
— The maximum loss per orders with volumes starting from 0,1 (inclusive) to 0,3 lots (inclusive);
min_03_05
— The maximum loss per orders with volumes starting from 0,3 (inclusive) to 0,5 lots (inclusive);
min_05_1
— The maximum loss per orders with volumes starting from 0,5 (inclusive) to 1 lot (inclusive);
min_from1
— The maximum loss per orders with volumes greater than 1 lot;
