EA Close
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 EA Close
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
The EA only operates only when a new bar appears. It opens a position having the
Lots
volume and sets a stop loss (
Stop Loss
) and a take profit (
Take Profit
) immediately.
It also allows checking iCCI (Commodity Channel Index, CCI), iStochastic (Stochastic Oscillator) and iMA (Moving Average, MA) indicators. The value levels are set for both oscillators: for CCI, this is
CCI Level
, while for STO, these are
STO Level UP
and
STO Level DOWN
, accordingly. MA is compared with Open or Close of the bar #1.
Trading signals
BUY:
CCI
#1 < "-"
CCI Level
AND
STO
#1 <
STO Level DOWN
AND Open #1 >
MA
#1
SELL:
CCI
#1 >
CCI Level
AND
STO
#1 >
STO Level UP
AND Close #1 <
MA
#1
M15 timeframe
