Eugene
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 Eugene
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
How it works
A buy is performed if high of the previous bar is higher and low of the current bar is higher than low of the previous bar and several additional checks with prices and time. Four last bars participate in the analysis. The reverse situation is for a sell.
Part of the analysis performed on formed bars, the other part performed on forming bars. So testing can be performed only in every tick mode.
Fig. 1 - The performance of the Expert Advisor in the strategy tester's visual mode is displayed in the image.
Fig. 2 - Testing results at EURUSD H4 for the last month (09.2012).
Fig. 1. Deals in tester.
Fig. 2. The trading results of the Expert Advisor in the tester.
Parameters
Lots - lot; when 0, the MaxrR parameter is used.
StopLoss - Stop Loss in points, 0 is without Stop Loss.
TakeProfit - Take Profit in point, 0 is without Take Profit.
InvertSignals - Invert the order of trading signals.
