Dematus
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. 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 Dematus
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
If there is a position, and the price moved from the last position open price (stored in the
m_last_deal_price_IN
internal variable) for the specified
Distance
, while iDeMarker (DeMarker, DeM) indicator gives the permission, open a position having the volume of
Coefficient Lots positions
* volume of the last open position (stored in the internal
m_lot
variable). If there are currently no positions, we expect the permission from the indicator and open with the
Lots
volume.
Stop loss (the
Stop Loss
parameter) is 999 points by default so that it is almost never activated :), there is no take profit in the settings. If positions are present, a usual trailing can be applied to them (
Trailing Stop
and
Trailing Step
).
Trailing considering available funds is managed by
Trailing Equity
,
Virtual Stop Equity
and
Trailing Start Equity
variables.
Operation periodicity
When the last position is closed, position open price (the
m_last_deal_price_IN
internal variable) is set to zero, while the
m_lot
internal variable is reset to
Lots
. The
Reset "last price IN" after deal OUT
parameter is set to 'false' by default. If it is set to 'true', the
m_last_deal_price_IN
internal variable is set to zero AFTER EACH CLOSING.
Test by all symbols, M5,
Reset "last price IN" after deal OUT
= true, deposit: $10 000.
Test by all symbols, M5,
Reset "last price IN" after deal OUT
= false, deposit: $10 000.
