Exp Color Schaff JC C X Trend Cycle MM Rec Duplex
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 Color Schaff JC C X Trend Cycle 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.
Description & Settings
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. For this purpose, all input parameters can be divided into two large groups:
Those having names starting with L are input parameters to manage long positions;
Those starting with S are input parameters to manage short positions.
These two trading systems use different magic number and are absolutely independent on each other. Real financial markets are rarely symmetric. Absolutely different parameters of the same trading system are often needed for trading in the rising and falling market. To properly configure the EA, you should first test only one trading system, having disabled the second one using relevant switches.
Upon that, perform the same for the second system.
The blocks of the Expert Advisor inputs have been added for managing volumes of opened positions:
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 EA to operate, the compiled
JCCX.ex5
and
ColorSchaffJCCXTrendCycle.ex5
indicators' files should be in <terminal_data_directory>\MQL5\Indicators.
Default Expert Advisor's input parameters have been used during tests shown below. Stop Loss and Take Profit have not been used during the tests.
Fig. 1. Examples of deals on the chart with symmetrical settings
GBPUSD H8 testing results over the year of 2017:
Fig. 2. Testing results chart
Fig. 3. Examples of deals on the chart with non-symmetrical settings
