disaster
Info
The disaster is a Expert Advisor for MetaTrader 5 that the trading strategy is based on the observation, which shows that if the price crosses the ma chart and moves a certain distance, the price is likely to continue its movement in the same direction. the ea uses pending buy stop and sell stop orders.
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 disaster
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 trading strategy is based on the observation, which shows that if the price crosses the ma chart and moves a certain distance, the price is likely to continue its movement in the same direction.
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: exp jfatl digit system - another powerful expert for MetaTrader 5 traders.
the trading strategy is based on the observation, which shows that if the price crosses the ma chart and moves a certain distance, the price is likely to continue its movement in the same direction.
Also recommended: mt5-couple hedge ea - similar expert with strong performance on MetaTrader 5.
the ea uses pending buy stop and sell stop orders. pending orders are modified to follow the current price at the specifieddistance from ma for setting a pending order
. an action is performed every
timeout
seconds. the ea only trails pending orders. once an order triggers and turns into a position, the position will no longer be modified.
input parameters
stop loss
take profit
trailing step
distance from ma for setting a pending order
- minimum distance between the current price and the ma(590) indicator
timeout
magic number
- unique expert advisor number.
testing results for the last year (from 2017.01.01 to 2017.10.31) at the m1 timeframe:
usdcad:
You may also like: exp skyscraper fix color am l x2 ma candle mm rec - 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.