Coin Flip EA
Info
The Coin Flip EA is a Expert Advisor for MetaTrader 5 that an expert advisor (ea) that opens positions pseudorandomly without custom indicators. It displays current statistics in two languages and modifies stop losses using trailing.
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 Coin Flip EA
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
An Expert Advisor (EA) that opens positions pseudorandomly without custom 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: Trading Against the Trend: 20 Pips Opposite Last N Hour - another powerful expert for MetaTrader 5 traders.
An Expert Advisor (EA) that opens positions pseudorandomly without custom indicators. It displays current statistics in two languages and modifies stop losses using trailing.Also recommended: xander gold recovery: keltner channel and dual ema strategy - similar expert with strong performance on MetaTrader 5.
In the event of a loss, the EA employs Martingale to increase the lot size. Monitor losses by catching transaction deal_reason_sl, indicating a triggered stop loss.
Input Parameters:
- Stop Loss: Set the stop loss value.
- Take Profit: Set the take profit value.
- Trailing Stop: Enable trailing for stop loss.
- Trailing Step: Step size for trailing.
- Lots: Manually set the lot size (if above zero, set Risk to zero).
- Risk: Automatically calculate lot size (if above zero, set Lots to zero).
- Martingale: Lot increase ratio after a loss.
- Max Lots: Maximum position size; exceeding this value terminates the EA.
- Magic Number: Unique identifier for the EA.
Note: Testing was interrupted due to the reference lot exceeding the Max Lots parameter.
You may also like: Advanced Risk Manager: Auto Suffix Detection Multi-Currency Lot Sizer - 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.