e-News-Lucky
This tool for MetaTrader 5 is specifically engineered to streamline your trading operations. 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 e-News-Lucky
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
: .
Working with pending Buy Stop and Sell Stop orders. Pending orders are placed and removed at a specified time (
Time of order placement
and
Time of order removal
, respectively), the time being considered as hours and minutes only in the parameters. As soon as any of the pending orders triggers (the triggering moment is monitored in ), the remaining pending order will be removed.
Inputs
Lots
- the volume of the pending order to be placed;
Stop Loss (in pips)
- Stop Loss;
Take Profit (in pips)
- Take Profit;
Trailing Stop (in pips)
- trailing;
Trailing Step
(in pips) - trailing step;
Time of order placement (use only hh:mm !!!)
- time, at which pending orders must be placed;
Time of order removal (use only hh:mm !!!)
- time, at which the pending orders must be removed (positions are closed at the same time);
Distance from market
- distance from the current prices, at which pending orders are placed;
magic number
- unique identifier for the EA.
Test example on GBPUSD,H1
