Binario
This tool for MetaTrader 5 is specifically engineered to streamline your trading operations. 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 Binario
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
: .
MQL5 code by
: .
Working with pending orders Buy Stop and Sell Stop. A channel of two indicators iMA (Moving Average, MA).
Input parameters
Take Profit
- Take Profit;
Trailing Stop
- trailing;
Trailing Step
- trailing step;
Lots
- lot size is set manually (a NECESSARY CONDITION:
Risk
must be equal to zero!);
Risk
- lot size is calculated automatically, in risk percents per trade (a NECESSARY CONDITION: "Lots" must be equal to zero!);
Difference
- offsets from the channel borders;
Expert Every Tick
- enable/disable working on every tick;
MA PRICE_HIGH and PRICE_LOW: averaging period
- indicators averaging period;
MA PRICE_HIGH and PRICE_LOW: horizontal shift
- indicators horizontal shift;
MA PRICE_HIGH: smoothing type
- averaging type for indicator calculated by High prices;
MA PRICE_LOW: smoothing type
- averaging type for indicator calculated by Low prices;
magic number
- unique identifier for the EA.
Trading idea: Forming a channel of two indicators iMA (Moving Average, MA) - one based on prices PRICE_HIGH and another one on PRICE_LOW. Pending Buy Stop and Sell Stop orders are placed at the channel boarders. The calculation is on the break-through (catching a strong movement).
The EA can work in modes: On every tick and only when a new bar appears. The mode is defined by parameter
Expert Every Tick
. An example of how parameter
Expert Every Tick
affects the EA operation, exemplified by EURUSD,D1:
Please note that this strategy may have dead seasons, i.e., the times without any entrances, the period of no rollbacks for a currency pair:
