Elliott Wave Maker 3. 0
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 Elliott Wave Maker 3. 0
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
You can display additional tools of Andrew's Pitchforks. To do this you should select the third label and then press the corresponding button on the keyboard:
D - show/hide the upper warning lines.
F - show/hide the lower warning lines.
U - show/hide Schiff lines. In version 3.0 also the following new functions added:
show/hide horizontal, vertical and price label of a selected label (T, B and G keys, respectively);
show/hide all horizontal, vertical and price labels (Y, N and H keys, respectively);
display of a vertical on a zero bar (M key);
copy chart with label (J key).
Fig. 1. Andrew's Pitchforks
drawn using ElliottWaveMaker 3.0
