exp color me t r o mm rec duplex
Info
The exp color me t r o mm rec duplex is a Expert Advisor for MetaTrader 5 that two identical trading systems (for long and short deals) based on the indicator signals that can be configured in different ways within a single ea with an ability to change the volume of a forthcoming trade depending on the results of the previous trades for this trading system. the expert advisor is a result of further development of the trading system, the aim of which was to enable changing of the volume of opened positions.
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 exp color me t r o mm rec duplex
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
two identical trading systems (for long and short deals) based on the indicator signals that can be configured in different ways within a single ea with an ability to change the volume of a forthcoming trade depending on the results of the previous trades for this trading system.
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: Exp Color BB Candles Expert Advisor - another powerful expert for MetaTrader 5 traders.
two identical trading systems (for long and short deals) based on the indicator signals that can be configured in different ways within a single ea with an ability to change the volume of a forthcoming trade depending on the results of the previous trades for this trading system. the expert advisor is a result of further development of the trading system, the aim of which was to enable changing of the volume of opened positions.
Also recommended: Exp Color X2 MA-Parabolic Indicator - similar expert with strong performance on MetaTrader 5.
the following expert advisor input blocks have been added for that purpose:and
in case of such inputs and when selecting from the last five trades, three of which are loss-making in a single direction, the ea opens the next trade in the same direction having the volume of 0.01 lot. if there are less than three loss-making trades out of the last five ones, the position volume is 0.1.
for the expert advisor to operate, you should place the compiled
colormetro.ex5
indicator files to
<terminal_data_directory>\mql5\indicators
.
the ea default input parameters were used in tests below. stop loss and take profit were not used in testing.
fig.1. examples of deals on the chart with symmetrical settings.
testing results for the year 2017, eurusd h4:
fig.2. testing results chart.
You may also like: Expert Color Non-Lag Dot MA CD - excellent alternative for expert users on MetaTrader 5.
Source Code
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⚠ 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.