exp fishing
Info
The exp fishing is a Expert Advisor for MetaTrader 5 that the expert advisor opens an initial position in the current candle's direction and increases its volume if profit in points increases a threshold fixed in the ea inputs. the data on addings are stored in a string comment to a position in the following format: number of addings/last trade price/last trade volume.
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 fishing
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
the expert advisor opens an initial position in the current candle's direction and increases its volume if profit in points increases a threshold fixed in the ea inputs.
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: vr---moving - another powerful expert for MetaTrader 5 traders.
the expert advisor opens an initial position in the current candle's direction and increases its volume if profit in points increases a threshold fixed in the ea inputs.
Also recommended: sa r trading - similar expert with strong performance on MetaTrader 5.
the data on addings are stored in a string comment to a position in the following format: number of addings/last trade price/last trade volume.the initial position can be opened any time when the current candle's body exceeds the pricestep threshold, as well as add to it when the threshold is exceeded at a new bar arrival.
//+----------------------------------------------+ //| expert advisor input parameters | //+----------------------------------------------+ input double mm=0.1; //share of a deposit in an added deal input marginmode mmmode=lot; //lot value detection method input uint pricestep=300; //price grid step in points for opening or adding to a position input uint postotal=10; //number of added trades input uint stoploss_=1000; //stop loss in points input uint takeprofit_=2000; //take profit in points input int deviation_=10; //max price deviation in points
originally this ea has been written in mql4 and was first published in the on 18.07.2016.
fig. 1. examples of trades on the chart
You may also like: futures portfolio control expiration - 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.