doubler
Info
The doubler is a Expert Advisor for MetaTrader 5 that idea by:code mq5 by:the ea works on hedge accounts only. a very simple idea: open two opposite positions simultaneously.
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 doubler
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
idea by:code mq5 by:the ea works on hedge accounts only.
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 modified optimum elliptic filter - another powerful expert for MetaTrader 5 traders.
idea by:
code mq5 by:
the ea works on hedge accounts only!
Also recommended: exp ang zad c tm mm rec - similar expert with strong performance on MetaTrader 5.
a very simple idea: open two opposite positions simultaneously. however, stop loss must be greater than take profit. we expect that the take profit of one of the positions would trigger first, and then the price would reverse and the take profit of the remaining position would trigger.you can also enable trailing. to do so, pass a value greater than zero to
trailing stop
.
for each symbol and timeframe, a separate optimization of parameters is required. for example, the parameters range for optimization on h1 timeframe:
the print result parameter displays trading operations logs (opening and modifying the positions).
You may also like: stochastic three periods - 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.