bi t e x. on e market maker
Info
The bi t e x. on e market maker is a Expert Advisor for MetaTrader 5 that what's new:1. the magic_numberinput has been removed.
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 bi t e x. on e market maker
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
what's new:1.
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: Market Miner Expert Advisor - another powerful expert for MetaTrader 5 traders.
what's new:
1. the
magic_number
input has been removed. it is now assigned automatically, and there is no need for checking it for uniqueness.
Also recommended: Real-Time Market Intelligence for Informed Trading Decisions - similar expert with strong performance on MetaTrader 5.
2. inputvertical_shift
has been added (see the description below)
3. input
desired_pos
has been added (see the description below)
the robot works only on cryptocurrency exchange. it places a specified number of buy and sell orders considering the market depth price or a guide (fair contract price obtained from other cryptocurrency exchanges). the idea is to make money on the inefficiency of the real contract price and rebates, which the exchange pays for providing liquidity (for trading limit orders). one of the advantages of the robot is that it uses a full-fledged asynchronous model of working with transactions.
fig.1. example of the robot setting the orders with max_pos=100, shift=0.001, level_count=3
inputs description:
price_type
- type of the price to be used to calculate the prices of the orders to be placed. 1 - price from traded symbol's market depth, 2 - marking contract price, 3 - contract index price.
max_pos
- number of contracts in each ea request.
shift
- shift of the first order relative to the marking price (marked purple). it is set in shares of the absolute price value, for example, if shift = 0.001 and the marking price = 6600, the closest buy and sell requests are shifted up and down from the marking price by 6.6 price points up and down (see fig. 1)
vertical_shift
- vertical shift of all levels as relative to the marking price. similarly,
shift
as the percentage of the absolute price value. if
vertical_shift
> 0, then all levels are shifted upwards; if it is < 0, then they are shifted downwards.
level_count
- number of quotes levels. each subsequent request is shifted by 'shift' value relative to the previous one.
desired_pos
- position that the bot should gain and maintain as the result of its activities. or you can write in here the existing position for the symbol, for the bot not to consider it.
fig. 2. performed deals
fig. 3. equity from the strategy tetser, btcusd, real tick, 79 ms of delays, profit in btc
fig. 4. statistics from the strategy tetser, btcusd, real tick, 79 ms of delays, profit in btc
You may also like: stealth trade manager: protecting your trades from market volatility - 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.