ea stochastic
Info
The ea stochastic 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 ea stochastic
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: Stochastic Protector - another powerful expert for MetaTrader 5 traders.
idea by
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mql5 code by
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the ea trades based on indicator stochastic. take profit and stop loss levels can be disabled (the value "0" is set in properties). the size of a position can be set manually (the ea will trade with a permanent lot size), or the lot size can be calculated automatically (as the risk percentage per trade).
Also recommended: trade signals based on 3 black crows/3 white soldiers + stochastic - similar expert with strong performance on MetaTrader 5.
input parametersstop loss
- stop loss;
take profit
- take profit;
trailing stop
- trailing;
trailing step
- trailing step;
lots
- position size is permanent, "risk" must be equal to zero;
risk
- position size is calculated automatically in risk percents per trade, and "lots" must be equal to zero;
stochastic: k-period
- k-period (number of bars for calculations);
stochastic: d-period
- d-period (initial smoothing period);
stochastic: final smoothing
- final smoothing;
stochastic: type of smoothing
- smoothing type;
stochastic: stochastic calculation method
- type of prices;
stochastic signal (level up)
- (upper) signal line of stochastic;
stochastic signal (level down)
- (lower) signal line of stochastic;
compared bar
- number of the bar, which the zeroth bar is compared to;
magic number
- unique identifier for the ea.
example of ea launch on eurusd,m15:
You may also like: trade signals based on dark cloud cover/piercing line + stochastic - 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.