Deep Drawdown MA
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 Deep Drawdown MA
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
: .
The EA opens trades at the intersection of the fast and the slow MAs. It closes trades if there is a reverse signal.
If the
Close losses
option is enabled, the EA does not close losing positions by the reverse signal, but opens new ones, the Take Profit level for losing positions being moved to their open prices.
The maximum number of positions to be opened during outstaying is limited by parameter
Maximum positions
. The type of the position to be opened is monitored in .
Input parameters
Lots
- position volume;
Maximum positions
- maximum number of positions;
Close losses
- whether to close losing positions or not (overstaying);
MA Fast: averaging period
- averaging period;
MA Fast: horizontal shift
- horizontal shift;
MA Fast: type of price
- price type;
MA Slow: averaging period
- averaging period;
MA Slow: horizontal shift
- averaging period;
MA Slow: type of price
- averaging period;
MA Fast and Slow: smoothing type
- averaging type (a common parameter for both "Fast" and "Slow");
magic number
- unique identifier for the EA.
An example of how overstaying affects trading:
