Exp Bulls Bears Eyes
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 Exp Bulls Bears Eyes
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 Exp_BullsBearsEyes based on signal entry taken from the ColorBullsBearsEyes indicator. A signal to perform a deal is formed at bar closing when the average line of the indicator breakthroughs, histogram direction or signal line change and also overbought/oversold zones or the exit from the boundaries of these zones breakthrough (depending on the options selected in the input parameter Mode).
The ColorBullsBearsEyes indicator was assembled especially for using in the Expert Advisor and to this end all signal entry determine algorithms were placed in this indicator for a maximum simplicity of the Expert Advisor code. Trade signals themselves formed by the indicator are placed in the SignBuffer[] indicator buffer under a second number. The ColorBullsBearsEyes indicator is a modification of the indicator.
Place the ColorBullsBearsEyes.ex5 compiled file to the terminal_data_folder\MQL5\Indicators.
Default Expert Advisor's input parameters have been used during the tests shown below. Stop Loss and Take Profit have not been used during the tests.
Fig. 1. The instances of history of deals in the chart.
Testing results for 2011 at USDCHF H4:
Fig. 2. Chart of testing results
