Arrows and Curves EA
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 Arrows and Curves EA
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 trades based on signals generated by the indicator:
Position volume management: either fixed volume (the 'Lots' parameter should be greater than zero) or risk as percent of free margin ('Lots' should be less than or equal to zero, in this case the 'Risk' parameter will be used).
Position Opening Conditions
If the indicator buffer #0 is not equal to zero, it is a Buy signal;
If the indicator buffer #1 is not equal to zero, it is a Sell signal; Input Parameters
Lots (if "Lots" <=0.0 -> will use the setting "Risk")
- position volume;
Stop Loss (if "0" - the setting is disabled) (in pips)
- stop loss value;
Take Profit (if "0" - the setting is disabled) (in pips)
- take profit value;
Trailing Stop (if "0" - the setting is disabled) (in pips)
- trailing stop value;
Trailing Step (if "0" - the setting "Trailing Stop" is disabled) (in pips)
- trailing step value;
Risk in percent for a deal from a free margin
- risk per trade as percent of free margin;
reversal period
- indicator parameter;
Channel
- indicator parameter;
Stop Channel
- indicator parameter;
shift
- indicator parameter.
