Exp AT R Trailing
This tool for MetaTrader 5 is specifically engineered to streamline your trading operations. 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 Exp AT R Trailing
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
The Expert Advisor moves Stop Loss of the open position along the border of the channel built using ATR_Trailing. Stop Loss is modified only when the bar is changed based on the newly closed bar's data in case Stop Loss will be eventually pinned to the current price.
The Expert Advisor provides a possibility to display the indicator used in it on the current chart directly from the Expert Advisor. There is no need to install the indicator on the chart manually. This is quite convenient, as the indicator is displayed on the chart automatically after the Expert Advisor is installed on the chart. This indicator always has input parameters identical to the Expert Advisor's ones.
Below is the code allowing users to implement such a feature:
Expert Advisor input parameters: Image:
Exp_ATR_Trailing working chart
