Exp Re Open Positions
This is a powerful addition to your MetaTrader 5 toolkit designed to optimize market analysis and performance. 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 Re Open Positions
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
The Expert Advisor increases the volume of an open position if profit in points from the last trade 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.
Trades are made when a new bar appears.
//+----------------------------------------------+ //| Input parameters of the EA indicator | //+----------------------------------------------+ input double MM=0.1; //Share of a deposit in an added deal input MarginMode MMMode=LOT; //lot value detection method input uint OldProfit=300; //profit of a previous trade in points for adding 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 //+----------------------------------------------+
Fig. 1. Examples of trades on the chart
![Firebird hma [I]](/images/7732.webp)
