dealers trade v 7. 74 ma c d
Info
The dealers trade v 7. 74 ma c d is a Expert Advisor for MetaTrader 5 that the ea trades using signals of the imacd (moving average convergence/divergence, macd) indicator. lot is increased when the number of position grows (martingale).
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 dealers trade v 7. 74 ma c d
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
the ea trades using signals of the imacd (moving average convergence/divergence, macd) indicator.
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: Trade Adjustment Panel for MT5 - another powerful expert for MetaTrader 5 traders.
the ea trades using signals of the imacd (moving average convergence/divergence, macd) indicator. lot is increased when the number of position grows (martingale).
Also recommended: Quantora Trade Manager MT5: Advanced Position Management - similar expert with strong performance on MetaTrader 5.
the ea is recommended for use on the h4 and d1 timeframes.position volume management:
the initial lot can be specified manually;
the initial lot can be calculated as the risk percent of free margin.
you can also limit the following:
the maximum number of open positions;
the maximum lot.
protection of profit: if protection is allowed and the total profit of all positions is greater than the specified value, as well as the number of positions is greater than or equal to the protected amount, the most profitable position is closed. for example, we have a total profit of $52 and four open positions. the protected amount is set to "3". so we can close one position, thus trying to keep a minimum of three positions always open.
input parameters
lots (if <= "0" -> use "risk")
- position volume (if <="0.0", lot will be calculated using the "risk" parameter);
stop loss (in pips)
- stop loss value;
take profit (in pips)
- take profit value;
trailing stop (in pips)
- trailing value;
trailing step (min value == 1)(in pips)
- trailing step value;
risk in percent for a deal from a free margin
- risk per trade as percent of free margin;
max open positions
- the maximum number of open positions;
interval between positions
- the distance between positions;
min profit. close max profit position
- minimum profit, at which the most profitable position will be closed;
account protection. if "true" -> close max profit position
- protecting profit, at which the most profitable position will be closed;
number of open items if "account protection" = "true"
- the number of positions to protect;
reverse condition
- reversing signals;
macd: fast ema period
macd: slow ema period
max volume of position
- maximum allowed position volume;
lot coefficient
- lot multiplier, the more open positions exist, the greater lot multiplier will be.
You may also like: Professional Automatic Trailing Stop Utility for MetaTrader 5 - 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.