Area MA C D
This tool for MetaTrader 5 is specifically engineered to streamline your trading operations. 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 Area MA C 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
An unorthodox approach to indicator MACD: The EA calculates the indicator's area displayed above and below zero line.
Depending on parameter "Reverse signal", either BUY or SELL positions will be opened.
Inputs:
Stop Loss (in pips) - stop loss value
Take Profit (in pips) - take profit value
Trailing Stop (in pips) - trailing
Trailing Step (in pips) - trailing step
Lots (or "Lots">0 and "Risk"==0 or "Lots"==0 and "Risk">0) - lot size is set manually
Risk (or "Lots">0 and "Risk"==0 or "Lots"==0 and "Risk">0) - lot size is calculated dynamically
Number of bars to search for the area of the indicators - amount of bars, on which the indicator's area is calculated
Reverse signal
//--- MACD parameters
period for Fast average calculation
period for Slow average calculation
period for their difference averaging
type of price
Lot size calculation method impact: Whether the lot size is constant or dynamic
Fig. 1. Constant lot size
Fig. 2. Dynamic lot size
