e-turbo fx
Info
The e-turbo fx is a Expert Advisor for MetaTrader 5 that how it worksthe expert advisor is designed to identify and capitalize on rollbacks that occur after a strong price movement. It operates by monitoring the number of consecutive bars with increasing body sizes in a single direction.
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-turbo fx
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
How it worksThe expert advisor is designed to identify and capitalize on rollbacks that occur after a strong price movement.
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: e-turbo fx - another powerful expert for MetaTrader 5 traders.
How it worksThe expert advisor is designed to identify and capitalize on rollbacks that occur after a strong price movement. It operates by monitoring the number of consecutive bars with increasing body sizes in a single direction. Once this condition is met, the EA opens a position in the opposite direction.
Also recommended: exp ma c d candle - similar expert with strong performance on MetaTrader 5.
The image illustrates the EA's performance in the Strategy Tester's visual mode.
Parameters:
- n: The number of bars in one direction with increasing body sizes.
- lots: Lot size; if set to 0, the maxrr parameter is utilized.
- stoploss: Stop loss in points; 0 indicates no stop loss.
- takeprofit: Take profit in points; 0 means no take profit.
You may also like: vr---ste a l s - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property version "1.00"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#include <trade/trade.mqh>
#include <trade/symbolinfo.mqh>
#include <trade/dealinfo.mqh>
#include <trade/positioninfo.mqh>
ctrade trade;.......
⚠ 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.