Alexav D1 Profit GBP U S D
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. 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 Alexav D1 Profit GBP U S 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
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MQL5 code by
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It opens four positions with different Take Profit levels. As soon as one of the positions is closed by Take Profit, the other positions will be moved to breakeven. This continues until all positions are closed by Take Profit.
Inputs
Lots
- position volume
Moving Average: averaging period
- indicator "Moving Average": Averaging period
RSI: averaging period
- indicator "RSI": Averaging period
ATR: averaging period
- indicator "ATR": Averaging period
Coefficient SL
- Stop Loss calculation coefficient (the coefficient is multiplied by the value of indicator "ATR")
Coefficient TP
- Take Profit calculation coefficient (the coefficient is multiplied by the value of indicator "ATR")
//--- RSI levels
RSIUpperLimit
- BUY positions can be opened within the interval from "RSIUpperLevel" to "RSIUpperLimit", "RSIUpperLevel" having to be above "RSIUpperLimit"
RSIUpperLevel
- BUY positions can be opened within the interval from "RSIUpperLevel" to "RSIUpperLimit", "RSIUpperLevel" having to be above "RSIUpperLimit"
RSILowerLevel
- SELL positions can be opened within the interval from "RSIUpperLimit" to "RSILowerLevel", "RSILowerLevel" having to be above "RSILowerLimit"
RSILowerLimit
- SELL positions can be opened within the interval from "RSIUpperLimit" to "RSILowerLevel", "RSILowerLevel" having to be above "RSILowerLimit"
//--- MACD
period for Fast average calculation
period for Slow average calculation
period for their difference averaging
MacdDiffBuy
- the minimum difference between bar 2 and bar 1 ((MathAbs(MACD_1)-MathAbs(MACD_2))/MathAbs(MACD_1)) to open BUY
MacdDiffSell
- minimum difference between bar 2 and bar 1 ((MathAbs(MACD_1)-MathAbs(MACD_2))/MathAbs(MACD_1)) to open SELL
//---
magic number - the unique EA identifier
GBPUSD,H1:
