1 h eu r us d
Info
The 1 h eu r us d is a Expert Advisor for MetaTrader 5 that 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.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install 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.
What this tool does
idea by:input parameters lots- position volume (always fixed, dynamic calculation is not used);stop loss- stop loss ("0.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: Trade Adjustment Panel for MT5 - another powerful expert for MetaTrader 5 traders.
idea by
:
input parameters
lots
- position volume (always fixed, dynamic calculation is not used);
Also recommended: Quantora Trade Manager MT5: Advanced Position Management - similar expert with strong performance on MetaTrader 5.
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":
You may also like: Quantora Break Even Manager MT5 - Automated Stop Loss Protection - excellent alternative for expert users on MetaTrader 5.
Source Code
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⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.