How do I install this Expert on MetaTrader 5?

Download the file, open MetaTrader 5 -> File -> Open Data Folder, copy the file to the correct folder (Experts / Indicators / Scripts / Libraries), then restart the terminal.

How do I activate / load this Expert?

Drag the Expert Advisor from the Navigator panel onto a chart, enable AutoTrading, and allow live trading in the settings.

Is this compatible with MetaTrader 5?

Yes, this Expert is built specifically for MetaTrader 5.

Is this Expert safe to use with real money?

All tools are provided for educational and testing purposes. We strongly recommend testing on a demo account first. Trading involves significant risk of loss.

Can I use this Expert on multiple charts?

Yes, but each chart can only run one Expert Advisor at a time. You can run multiple EAs on different charts.

Can I customize the settings of this Expert?

Yes. Right-click on the chart and select properties to open and adjust parameters.

Free bi t e x. on e market maker Expert for MetaTrader 5

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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 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).

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

the robot works only on cryptocurrency exchange.

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.

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.

Also recommended: Real-Time Market Intelligence for Informed Trading Decisions - similar expert with strong performance on MetaTrader 5.

fig.1. example of the robot setting the orders with max_pos=100, shift=0.001, level_count=3
inputs description:

magic_number
- robot id. if there are several robots, then be sure to assign each next robot this identifier plus 100, for example, if the first robot has magic_number = 100, then the next ones should have magic_number = 200, 300, 400, etc.

price_type
- type of price, relative to which the prices of placed orders are to be calculated. 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)

level_count
- number of quotes levels. each subsequent request is shifted by 'shift' value relative to the previous one.
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.