1 H EU R US D
This is a powerful addition to your MetaTrader 5 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 1 H EU R US D
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
Idea by
:
Input Parameters
Lots
- position volume (always fixed, dynamic calculation is not used);
Stop Loss
- stop loss ("0.0" == off);
Take Profit
- take profit ("0.0" == off);
Trailing Stop
- trailing stop ("0.0" == off);
Trailing Step
- trailing step;
Number of elements (check iHighest and iLowest)
- amount of bars, among which the highest and the lowest bars will be searched
Moving Average First
- parameters of the first Moving Average:
MA First: averaging period;
MA First: horizontal shift;
MA First: smoothing type;
MA First: type of price or handle.
Moving Average Second
- parameters of the second Moving Average:
MA Second: averaging period;
MA Second: horizontal shift;
MA Second: smoothing type;
MA Second: type of price or handle.
MACD
- MACD indicator parameters:
MACD: period for Fast average calculation;
MACD: period for Slow average calculation;
MACD: period for their difference averaging;
MACD: type of price.
magic number
- unique EA identifier.
EURUSD, H1, "Every tick based on real ticks":
