EA AM L
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. 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 EA AM L
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
Tester report on all ticks for EURUSD starting from 2005 without the lot increase.
With the lot increase (max. lot limit = 50.0)
All Expert Advisor parameters (except for the indicator settings) are not used when 0. The Expert Advisor features a built-in function for setting the maximum allowable
lot when exceeding your DC limit. The key features of the settings:
SL/TP are set after opening a position.
N_modify_sltp sets the number of times the sl/tp shall be set in case of a failed attempt.
use_opposite reverses the position when the signal changes.
Max_drawdown is the function for the lot increase relative to the given drawdown in the currency of the deposit. It should be set at the value no less than the max. equity drawdown.
This Expert Advisor can be a great base for a stable and profitable trading robot.
