Back to the Future
This software component for MetaTrader 5 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 Back to the Future
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
Financial regulators and agencies predict profit of funds. For this purpose they publish various ratings and charts.
An individual can see only one chart - the agency's own quotes. So this chart outlines the "future" of Forex. And we are going to trade using this chart.
An example (Moody's is ahead of Forex by 75 minutes):
The figure shows that the robot builds two bars of 0.5 points and checks if the price goes outside of these bars. One the price goes outside of the bar, the robot logs the required time and opens a position at this time.
Note: the duration of bars is 75 min, and they show the "future" of Forex.
Settings
In order to use the expert you need to set up the terminal: go to
Tools > Options > Expert Advisors
set the options as showed on this screenshot:
