equity trailing ea mt5
Info
The equity trailing ea mt5 is a Expert Advisor for MetaTrader 5 that this ea started off as a job to trail equity. i then added the function of managing individual trades.
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 equity trailing ea mt5
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
this ea started off as a job to trail equity.
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: Professional Automatic Trailing Stop Utility for MetaTrader 5 - another powerful expert for MetaTrader 5 traders.
Also recommended: Equity Guard - Daily Loss Limit Guardian with Panic Panel - similar expert with strong performance on MetaTrader 5.
this ea started off as a job to trail equity. i then added the function of managing individual trades.thereafter i added the facility of manually putting the price of when it can send a grid of pending order's.
this ea does not have condition set in it to open trades. you have to determine that if market moves to an area you believe you would open a grid of orders if you were by your computer watching the market. no what this ea helps is you wake up in the morning you see the area you a grid to open. put the price for the ea to open a grid of pending orders.
if the market reaches the area price you have set. the ea will send the grid and will manage those trades putting stop loss (if you set it) trailing(if you set it). today 13 sep 2022 the ea generates has no error when compiled
You may also like: Expert Advisor ATR Trailing Stop - excellent alternative for expert users on MetaTrader 5.
Source Code
яю//+------------------------------------------------------------------+
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "3.0"
#include <Trade\SymbolInfo.mqh>
#include <Trade\OrderInfo.mqh>
#include <Trade\Trade.mqh> CTrade trade; // trading object
#include <Trade/Trade.mqh>
CTrade Trade;
CTrade m_trade; // trading object.......
⚠ 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.