exp jfatl candle mm rec
Info
The exp jfatl candle mm rec is a Expert Advisor for MetaTrader 5 that the trading system based on the indicator signals with an ability to change the volume of a forthcoming trade depending on the results of the previous trades for this trading system. trading signals are formed when a bar closes if a trend has changed (which is displayed by candles changing their color).
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 jfatl candle mm rec
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 trading system based on the indicator signals 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: trade signals using reversal candlestick patterns in mql5 - another powerful expert for MetaTrader 5 traders.
the trading system based on the indicator signals with an ability to change the volume of a forthcoming trade depending on the results of the previous trades for this trading system. trading signals are formed when a bar closes if a trend has changed (which is displayed by candles changing their color).
Also recommended: Trade Signals Based on Bullish/Bearish Harami Candlestick Patterns Confirmed by MFI Indicator using MQL5 Wizard - similar expert with strong performance on MetaTrader 5.
the block of input ea variables is added for managing volumes of opened positions: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 generated ea to operate correctly, the compiled files of indicators
jfatl.ex5
and
jfatlcandle.ex5
should be present in the
<terminal_data_directory>\mql5\indicators
folder.
default expert advisor's input parameters without stops have been used during tests shown below.
fig. 1. examples of trades on the chart
testing results for usdjpy h12 over the year 2017:
fig. 2. test results chart
You may also like: MQL5 Wizard: Trade Signals Based on Hammer/Hanging Man Candlesticks with CCI Confirmation - 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.