Alli Heik
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 Alli Heik
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
: .
MQL5 code by
: .
The EA uses indicator :
Exemplary signals "Open Buy" and "Open Sell":
Signals for opening positions is only received when a new bar appears, while trailing the positions is checked at each tick.
In this EA, the entire code relating to defining input parameters for Moving Average, to creating an indicator, and to receiving the indicator values is provided with comments - I decided not to completely remove this code: Perhaps, somebody would find a solution for applying it.
Instead, the following parameters were added: Trailing, signal reverse, and closing the opposite position when a signal appears.
Trailing
Position trailing. When the
Trailing Stop
is set to zero, trailing will be disabled.
Reverse
Flag
Reverse signal
completely turns the value of the signal for opening a position.
Closing the opposite position when a signal appears
Flag
Close the opposite position on a signal
at the value of
true
:
It allows opening SEVERAL positions;
When the "Open Buy" signal is received, it will close Sell positions; when the "Open Sell" signal is received, it will close Buy positions.
At the value of
false
, the EA will have ONLY ONE position in the market and, therefore, will not close the opposite position.
Recommendations on Optimization
Exemplary parameters, such as initial value, step, and final value, for symbols on H1:
