Coin Flip
This is a powerful addition to your MetaTrader 5 toolkit designed to optimize market analysis and performance. 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 Coin Flip
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
: .
An EA without using any custom indicators; positions are opened pseudorandomly. The EA can show the current statistics in two languages:
Trailing modifies the Stop Loss of open positions. In case of loss, the lots increase using Martingale. How to monitor losses: In , we catch transaction DEAL_REASON_SL - the sign of the Stop Loss triggered:
Input parameters
Stop Loss
- Stop Loss;
Take Profit
- Take Profit;
Trailing Stop
- trailing;
Trailing Step
- trailing step;
Lots
- lot size is set manually (if
Lots
is above zero, then
Risk
must be equal to zero);
Risk
- lot size is calculated automatically (if
Risk
is above zero, then
Lots
must be equal to zero);
Martingale
- lot increase ratio, if the preceding position was closed by Stop Loss and the profit gained was negative;
Max lots
- the maximum position size; if this size is exceeded, then the EA terminates its operation abnormally;
magic number
- unique identifier for the EA.
Then testing was interrupted (the EA was unloaded from the chart forcedly), since the reference lot exceeded the
Max lots
parameter:
