bh s system
Info
The bh s system is a Expert Advisor for MetaTrader 5 that the expert advisor calculates the nearest upper and lower "round" price depending on step of the "round" number(to see how the calculation of the "round" price is performed, comment out the line in ondeinit:an example will be printed in the experts tab when you unload the ea from the chart). the ea checks the position of the price and the iama (adaptive moving average, ama) indicator to place an initial pending order.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use bh s system
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.
What this tool does
the expert advisor calculates the nearest upper and lower "round" price depending on step of the "round" number(to see how the calculation of the "round" price is performed, comment out the line in ondeinit:an example will be printed in the experts tab when you unload the ea from the chart).
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: ICE (Impulse Confirmation Engine): Advanced Trading System - another powerful expert for MetaTrader 5 traders.
the expert advisor calculates the nearest upper and lower "round" price depending on
Also recommended: rs i grid ea pro: advanced rsi-based grid trading system - similar expert with strong performance on MetaTrader 5.
step of the "round" number(to see how the calculation of the "round" price is performed, comment out the line in ondeinit:
an example will be printed in the experts tab when you unload the ea from the chart). the ea checks the position of the price and the iama (adaptive moving average, ama) indicator to place an initial pending order.
if the close price of bar #0 is above the indicator, a pending buy stop order will be placed at the upper round price.
if the close price of bar #0 is below the indicator, a pending sell stop order will be placed at the lower round price.
lifetime is set for each pending order:
life time of the pending order
(in hours) is added to the last known server time.
separate trailing methods are applied for buy and sell positions. they are configured in
trailing stop buy
and
trailing stop sell
.
input parameters
lots
- volume;
stop loss buy
- stop loss for the buy stop order;
stop loss sell
- stop loss for the sell stop order;
trailing stop buy
- trailing stop for buy positions;
trailing stop sell
- trailing stop for sell positions;
step of the "round" number
- the step value for the round price;
life time of the pending order (in hours)
- pending order life time in hours;
ama: period of calculation
- ama period;
ama: period of fast ma
- fast moving average period;
ama: period of slow ma
- slow moving average period;
ama: horizontal shift
- horizontal shift of the indicator;
ama: type of price
- price type used for the indicator calculation;
magic number
- unique identifier for the ea.
testing on eurusd, h1:
You may also like: dominance ea: a minimalist, bias-driven trading system - excellent alternative for expert users on MetaTrader 5.
Source Code
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⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.