ambush
Info
The ambush is a Expert Advisor for MetaTrader 5 that the expert advisor places pending buy stop and sell stop orders at a distance of initial indentation. the max spreadparameters is also taken into account: if the current spread exceeds max spread, the pending orders will not be placed.
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 ambush
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
the expert advisor places pending buy stop and sell stop orders at a distance of initial indentation.
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: exp rsi o m a - another powerful expert for MetaTrader 5 traders.
the expert advisor places pending buy stop and sell stop orders at a distance of
initial indentation
. the
max spread
parameters is also taken into account: if the current spread exceeds
Also recommended: exp xperiod candle - similar expert with strong performance on MetaTrader 5.
max spread, the pending orders will not be placed. after that pending orders are constantly modified (using
trailing stop
with
trailing step
), expecting the order to trigger at a sudden sharp price movement. pending orders are modified every
pause
seconds.
positions are controlled by
equity profit
and
equity loss
levels. once profit reaches
equity profit
, all positions are closed to fix the profit. if loss reaches
equity loss
, all positions are closed and loss is fixed.
results from 2018.01.08 to 2018.02.05 at the m1 timeframe:
You may also like: exp color zerolag jc c x - excellent alternative for expert users on MetaTrader 5.
Source Code
/.......
⚠ 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.