Artificial Intelligence
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 Artificial Intelligence
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
How it works
We use the indicator from where 4 values of bars are taken: Shift, Shift+7, Shift+14, Shift+21. Each of the indicator values is multiplied by its weight calculated using the formula (100-x(n)), where x(n) - is an optimized variable x1, x2, x2, x3. After multiplying values are summarized and exit value of the perceptron is received. If exit value of the perceptron is higher than 0, a buy is opened, if value is lower than 0, a sell position is opened.
Position opens on Stop Loss (Stop Loss required) and without Take Profit. When a position reaches a profit value that exceeds Stop Loss value on the spread amount and if there is an opposite signal, then the position is reversed by opening a position of a larger volume. If opposite signal does not appear, Stop Loss is set on the same level as it had been on the open position (according to calculations a deal is profitable on spread value).
If suddenly is impossible to open a position which is reversed due to close value of Stop Loss, the position will be closed and there will be one more attempt to open position on the next tick.
Stop Loss is required because a position can be closed and its Stop Loss can be moved only if the position is profitable. There has to be a possibility to exit in case the position is unprofitable.
The results of work of the Expert Advisor with the default settings for the last year EURUSD M15 are displayed in the chart.
Parameters
Lots - Lot.
StopLoss - Stop Loss in points.
Shift - Bar on which indicators are checked: 0 - forming bar, 1 - first formed bar.
x1, x2, x3, x4 - Perceptron input weights from 0 to 200. It is recommended to use Generic Algorithm for optimization.
