cheduecoglioni
Info
The cheduecoglioni is a Expert Advisor for MetaTrader 5 that the expert advisor waits for a take profit or stop loss to trigger on an open position, and then opens a new position in the opposite direction. It verifies if there is sufficient balance before sending a trade request.
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 cheduecoglioni
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 Expert Advisor waits for a Take Profit or Stop Loss to trigger on an open position, and then opens a new position in the opposite direction.
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: Silver Trend and ColorJfatl Digit EA: Dual Trading Systems with Dynamic Lot Sizing - another powerful expert for MetaTrader 5 traders.
The Expert Advisor waits for a Take Profit or Stop Loss to trigger on an open position, and then opens a new position in the opposite direction.Also recommended: Startermod - similar expert with strong performance on MetaTrader 5.
It verifies if there is sufficient balance before sending a trade request.Example:
Suppose there is an open buy position. Once the Take Profit or Stop Loss is triggered, a new sell position is opened.
Subsequently, after the Take Profit or Stop Loss for the sell position is triggered, a new buy position is opened.
Deal closure is monitored using the OnTradeTransaction function.
Volume check before order submission (considering the opening of a buy position as an example):
You may also like: exp color ma rsi-trigger duplex - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.007"
#include <trade\positioninfo.mqh>
#include <trade\trade.mqh>
#include <trade\symbolinfo.mqh>
cpositioninfo m_position; // trade position object
ctrade m_trade; // trading object
csymbolinfo m_symbol; // symbol info object
input double inplots = 0.1; // lots.......
⚠ 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.