EM A Cross Contest Hedged
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 EM A Cross Contest Hedged
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
An intersection of two Moving Averages based on the data of two bars is searched for generating a signal:
The number of the current bar can be specified in
Trade bar
: either
bar #0
or
bar #1
.
If
Use MACD
is set to true, the EA will also take into account the position of the main MACD line relative to zero (the
Trade bar
parameter).
If a signal is generated when there are no open positions, a position is opened and four hedging orders are placed at a distance of
Hedge level
and the lifetime equal to
Expiration pending orders
: Buy Stop orders are placed in case of a BUY position; Sell Stop orders are placed in case of a SELL position.
Positions can be closed by an opposite signal if
Close the opposite positions
parameter is set to true. For example, SELL positions will be closed if a BUY signal is generated.
Once positions are opened,
Trailing Stop
with
Trailing Step
will be enabled for them.
Input Parameters
Lots
- the volume of position to open;
Stop Loss (in pips)
- Stop Loss value;
Take Profit (in pips)
- Take Profit value;
Trailing Stop (in pips)
- trailing value;
Trailing Step (in pips)
- trailing step value;
Hedge level (in pips)
- distance between pending orders;
Close the opposite positions
- the flag to close opposite positions;
Use MACD
- the flag to use MACD;
Expiration pending orders (seconds)
- pending order expiration time;
MA short: averaging period
- fast MA calculation parameter;
MA long: averaging period
- slow MA calculation parameter;
Trade bar
- the bar number to trade on;
magic number
- unique identifier for the EA.
Example of testing EURUSD, M30:
