e-news-lucky
Info
The e-news-lucky is a Expert Advisor for MetaTrader 5 that idea by:. mql5 code by:.
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 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.
What this tool does
idea by:.
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: back to the future - another powerful expert for MetaTrader 5 traders.
idea by
: .
mql5 code by
: .
working with pending buy stop and sell stop orders. pending orders are placed and removed at a specified time (
Also recommended: trade signals based on 3 black crows/3 white soldiers + mfi indicator - similar expert with strong performance on MetaTrader 5.
time of order placementand
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
You may also like: Gold London Breakout EA - 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.