Avalanche AV
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 Avalanche AV
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
Idea by
:
This Expert Advisor is one of the variations of the Avalanche EA.
ATTENTION: uses martingale! How it works
The trade direction is selected randomly based on the random number generator : if the number is less than 16384, Buy is opened, otherwise Sell is opened. Trading begins with the volume of
Start Lots
. The
Stop Loss
and
Take Profit
parameters can be disabled by setting them to "0.0".
Position volume calculation
General principle
: if the last position was closed with a loss, the next volume will be increased
Volume expansion factor
times. Volume is calculated in OnTradeTransaction: and (market exit) are tracked.
Notes
: the Expert Advisor tracks the maximum account balance value (the value is saved in the
m_prev_balance_max
variable), and controls the 'not enough money' error when opening a position. The position volume is increased until the last position is closed with a profit, at the same time the current trading account balance must exceed
m_prev_balance_max
. If the "not enough money" error is encountered (CheckVolume volume of the class), the calculated volume is reset to
Start Lots
.
Example of test charts in the "Every tick based on real ticks" mode:
