billy expert
Info
The billy expert is a Expert Advisor for MetaTrader 5 that the main idea of the trading strategy is as follows: when there are three down bars on the current timeframe:and the main stochastic line is above the signal line on the other two timeframes:a buy signal emerges. the strategy handles only buy signals.
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 billy expert
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 main idea of the trading strategy is as follows: when there are three down bars on the current timeframe:and the main stochastic line is above the signal line on the other two timeframes:a buy signal emerges.
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 main idea of the trading strategy is as follows: when there are three down bars on the current timeframe:
Also recommended: Weekly Day Reversal Expert Advisor - similar expert with strong performance on MetaTrader 5.
and the main stochastic line is above the signal line on the other two timeframes:a buy signal emerges.
the strategy handles only buy signals.
testing in the m15 timeframe:
input parameters
lots
- position volume;
stop loss
take profit
max positions
- the maximum number of open positions;
timeframe stochastic #1
- timeframe for stochastic #1;
timeframe stochastic #2
- timeframe for stochastic #2;
magic number
- expert advisor identifier.
You may also like: Simple EMA Cross Expert Advisor with Stop Loss, Take Profit, and Magic Number - 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.