cloud's trade 2
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 cloud's trade 2
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
: .
Along with the option of enabling/disabling Stop Loss, Take Profit, and Trailing, you can also choose how to use the signals of indicators: To use either both signals (from Fractals and from Stochastic) or the signal from only one of the indicators.
Inputs
Lots - position volume
Stop Loss (in pips) - Stop Loss
Take Profit (in pips) - Take Profit
Trailing Stop (in pips) - trailing
Trailing Step (in pips) - trailing step
Minimum profit (in money) - minimum profit (in money), at which the position will be closed
Minimum profit (in pips) - minimum profit (in pips), at which the position will be closed
Use Fractals - use the signals of Fractals
Use Stochastic - use the signals of Stochastic
One day: one deal - only one trade may be opened per day
