Combo Right
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 Combo Right
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
How it works
There is a basic trading system. This Expert Advisor uses the CCI indicator, if the CCI value is higher than zero, it is a buy, if lower, it is a sell.
The basic system can be wrong. To correct these errors linear perceptrons are used which sometimes take control and ignore the basic trading signals.
The system has three perceptrons one for a sell, one for a buy, the third is the total.
The perceptron exit value can be higher or lower than zero. If both the total perceptron and the first perceptron exit values are negative, a sell opens. If both total perceptron and the second perceptron exit values are positive, then a buy opens. In other cases the basic system signals are used.
The image shows the results of work of the Expert Advisor in the tester. 1 is optimization results on the image. 2 is forward test results.
Fig. 1. Optimization results.
Fig. 2. Forward test results.
Parameters
tp1 - Take Profit when position opens by the basic trading signal.
sl1 - Stop Loss when position opens by the basic trading signal.
CCIPeriod - Period of CCI.
CCIPrice - Price of CCI.
x12, x22, x32, x42 - Weight of a sell perceptron.
tp2 - Take Profit when position opens by a sell perceptron signal.
sl2 - Stop Loss when position opens by a sell perceptron signal.
p2 - The period of coverage of history data by a sell perceptron.
x13, x23, x33, x43 - Weight of a sell perceptron.
tp3 - Take Profit when position opens by a buy perceptron signal.
sl1 - Stop Loss when position opens by a buy perceptron signal.
p2 - The period of coverage of history data by a buy perceptron.
x14, x24, x34, x44 - Weight of total perceptron.
p2 - The period of coverage of history data by total perceptron.
pass is the Expert Advisor mode: 1 is a basic system, 1 is a sell perceptron, 2 is a buy perceptron, 4 is all perceptrons, operative mode.
lots - Position volume.
Shift - Bar from which the price data is used: 0 - forming bar, 1 - first formed bar.
