Ambush
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 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.
Description & Settings
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
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:
