exp nr t r at r st o p tm
Info
The exp nr t r at r st o p tm is a Expert Advisor for MetaTrader 5 that the exp_nrtr_atr_stop_tm expert advisor is based on the indicator signals and provides the possibility to set a strict trading time interval. a signal is formed at the close of a bar, if a large colored star has appeared.
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 nr t r at r st o p tm
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 exp_nrtr_atr_stop_tm expert advisor is based on the indicator signals and provides the possibility to set a strict trading time interval.
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 Adjustment Panel for MT5 - another powerful expert for MetaTrader 5 traders.
the exp_nrtr_atr_stop_tm expert advisor is based on the indicator signals and provides the possibility to set a strict trading time interval.
Also recommended: Quantora Trade Manager MT5: Advanced Position Management - similar expert with strong performance on MetaTrader 5.
a signal is formed at the close of a bar, if a large colored star has appeared.it is possible to specify trading time in input parameters to trade in the specified time interval:
two variables (hours and minutes) are provided for the operation start time, and two similar variables for the end time.
default settings enable the expert advisor to trade the whole trading session from 0:00, while all positions are closed at 23:59.
if the start time is later than the specified end time, the expert advisor will close positions the next day, at the specified time.
for a correct operation of the expert advisor, you should add the nrtr_atr_stop.ex5 compiled indicator file to <terminal_data_folder>\mql5\indicators.
default input parameters of the expert advisor were used during the tests shown below. stop loss and take profit were not used during testing.
fig.1. examples of deals on the chart
testing results for 2015 on eurjpy h1:
fig. 2. testing results chart
You may also like: Quantora Break Even Manager MT5 - Automated Stop Loss Protection - 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.