How do I install this Expert on MetaTrader 5?

Download the file, open MetaTrader 5 -> File -> Open Data Folder, copy the file to the correct folder (Experts / Indicators / Scripts / Libraries), then restart the terminal.

How do I activate / load this Expert?

Drag the Expert Advisor from the Navigator panel onto a chart, enable AutoTrading, and allow live trading in the settings.

Is this compatible with MetaTrader 5?

Yes, this Expert is built specifically for MetaTrader 5.

Is this Expert safe to use with real money?

All tools are provided for educational and testing purposes. We strongly recommend testing on a demo account first. Trading involves significant risk of loss.

Can I use this Expert on multiple charts?

Yes, but each chart can only run one Expert Advisor at a time. You can run multiple EAs on different charts.

Can I customize the settings of this Expert?

Yes. Right-click on the chart and select properties to open and adjust parameters.

Free Cloud's Trade 2: Automated Trading with Fractals and Stochastic Signals Expert for MetaTrader 5

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Cloud's Trade 2: Automated Trading with Fractals and Stochastic Signals

Info

The Cloud's Trade 2: Automated Trading with Fractals and Stochastic Signals is a Expert Advisor for MetaTrader 5 that cloud's trade 2 is an automated trading system designed to utilize signals from fractals and stochastic indicators. Users have the flexibility to enable or disable stop loss, take profit, and trailing stop functionalities.

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 Cloud's Trade 2: Automated Trading with Fractals and Stochastic Signals

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

Cloud's Trade 2 is an automated trading system designed to utilize signals from Fractals and Stochastic indicators.

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: Partial Close Multi TP Manager for MetaTrader 5 - another powerful expert for MetaTrader 5 traders.

Cloud's Trade 2 is an automated trading system designed to utilize signals from Fractals and Stochastic indicators. Users have the flexibility to enable or disable stop loss, take profit, and trailing stop functionalities. Furthermore, the system allows for the selection of how indicator signals are used: either by combining signals from both Fractals and Stochastic, or by relying on the signal from only one of the indicators.

Also recommended: Strategy Tester Report Parser for Deals and Trades - similar expert with strong performance on MetaTrader 5.

Key Inputs:

- Lots: Specifies the volume for each position.
- Stop Loss (in pips): Sets the stop loss level in pips.
- Take Profit (in pips): Sets the take profit level in pips.
- Trailing Stop (in pips): Configures the trailing stop distance in pips.
- Trailing Step (in pips): Defines the step for the trailing stop in pips.
- Minimum Profit (in money): The minimum profit in currency units at which the position will be closed.
- Minimum Profit (in pips): The minimum profit in pips at which the position will be closed.
- Use Fractals: A boolean option to enable or disable the use of Fractal signals.
- Use Stochastic: A boolean option to enable or disable the use of Stochastic signals.
- One Day: One Deal: A setting to limit trading to a maximum of one deal per day.

You may also like: Programmatically Attach Expert Advisors with Custom Inputs to MetaTrader 5 Charts - excellent alternative for expert users on MetaTrader 5.

Source Code

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⚠ 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.