Control Panel for the Contest
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 Control Panel for the Contest
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
Decription:
The Control Panel can be used for the manual trading, intraday scalping etc. The Panel is designed for scalping.
It looks as follows:
Figure 1. Control Panel
Top panel:
GMT time;
local time;
Left panel:
Trade volume
is a sum of the values, selected at trade panel. It allows you to set trade volume fast and accurate. It allows you to quickly and accurately set the desired trade volume. The values can be defined in input parameters of the Expert Advisor (up to 9 values);
Buy/Sell buttons
- to open long/short position. The volume of the position is shown below the Buy button.
Right panel:
Close ALL
, closes the opened position on the current price;
Loss Break
, sets Stop Loss for Even Break level, defined in the input parameters;
Reverse
, reverses the opened position;
