Cidomo
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. 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 Cidomo
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
-
The Expert Advisor operates using Buy Stop and Sell Stop orders: within the "
Number of bars
" interval, the EA searches for High and Low prices in the "
Work TimeFrame
". Then, it places pending orders at a distance from the found High and Low equal to "
Indent from High and Low
". If you enable the "
Use time control
" option, pending orders will be placed not earlier than the specified time ("
Start hour
" and "
Start minute
").
Attention: If you use "
Start minute
", it is recommended to run the EA on the M1 chart.
High and Low search is checked at the emergence of a new bar of the TF "
Work TimeFrame
", provided there are no open positions or pending orders.
When a pending order triggers, all other orders (which have not triggered) are deleted.
Launching the EA at EURUSD, M1. Optimizable parameters: "
Number of bars
" (in the range between 3 to 15, with a step of 1) and "
Work TimeFrame
" (in the range from M1 to D1). The first found good result:
