Candels High Open
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 Candels High Open
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
The entire chain: indicator, indicator signals module.
CandelsHighOpen Expert Advisor is based on the Candels High Open indicator trading signals module. The EA has been generated by the MQL5 wizard. The EA features trading market and pending orders, as well as trailing stop based on Parabolic SAR.
For compilation, the EA needs the trading signals module and the indicator.
CandelsHighOpen EA has been launched in the "Every tick based on real ticks" mode on AUDUSD H1 from 2016.01.01 to 2016.11.06 with the initial deposit of 10 000. "Reverse signals"=false has been used in the first pass.
while "Reverse signals"=true has been used in the second one:
All EA parameters have been set to their default values, no optimization has been performed.
