EE S Hedger
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. 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 EE S Hedger
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
Idea by
: .
MQL5 code by
: .
You need trading in the opposite trend? When trading manually or using another EA, utility EES Hedger can instantly open opposite positions in a manner specified in its parameters. Moments of opening manually or by another EA are tracked in .
Instructions
For instance, you use SAR to trade on GBPUSD, and SAR uses magic number 1234. Now you want to use EES Hedger together with SAR. Open another GBPUSD chart, i.e., use the same currency pair as that, on which SAR is trading. Here, it is important that the timeframe is the same as or lower than that used by SAR.
Now, in the external variables of EES Hedger: Specify the SAR magic number in Original_EA_Magic; in our case, it is 1234. Then make sure that Advocate_EA_Magic differs from Original_EA_Magic. As soon as SAR opens a transaction, EES Hedger will open an opposite one. If you want to use EES Hedger for manual trading, just set Original_EA_Magic = 0.
Program Parameters
Lots
- volume of position to be opened by "EES Hedger";
Stop loss, per trade (in pips)
- stop loss of position to be opened by "EES Hedger";
Take profit amount, per trade (in pips)
- take profit of position to be opened by "EES Hedger";
Trailing Stop (in pips)
- trailing of position opened by "EES Hedger";
Trailing Step (in pips)
- the trailing step of position opened by "EES Hedger";
This is the magic number that your 1st EA uses where advocate EA will base its trades on
- the magic number used by the first EA, on which the advocating EA will ground its trades;
This is the advocate EAs own magic number please keep it unique to avoid conflict
- the advocating EA's own magic number; please maintain its uniqueness to avoid collisions.
