exp silver trend signal re open
Info
The exp silver trend signal re open is a Expert Advisor for MetaTrader 5 that the exp_silvertrend_signal_reopen trading system based on the signals of the indicator with scaling by the trend. the signal is formed when a bar is closing if a colored indicator arrow appears.
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
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 silver trend signal re open
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_silvertrend_signal_reopen trading system based on the signals of the indicator with scaling by the trend.
Typical Use Case
This Expert Advisor excels in trend following 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: Steep MA Trend EA - another powerful expert for MetaTrader 5 traders.
the exp_silvertrend_signal_reopen trading system based on the signals of the indicator with scaling by the trend. the signal is formed when a bar is closing if a colored indicator arrow appears. further, it scales the volume of the opened position if the profit points of the last deal in the position exceed the threshold specified in the ea input parameters.
Also recommended: Super Trend Trading EA - similar expert with strong performance on MetaTrader 5.
information on position scaling is stored in string comment to the trade in the format of: number of scales / price of last deal / volume of last deal.place silvertrend_signal.ex5 compiled file to the <terminal_data_folder>\mql5\indicators.
after compilation, the exp_silvertrend_signal_reopen.ex5 expert file contains the silvertrend_signal.ex5 indicator as a , and therefore, it is not required to be present in the terminal folder for the compiled ea to work! for this purpose, the corresponding code has been added to the ea code in order to include this indicator in the expert's executable file.
the indicator executable file has been added as resources at the global scope
//---- include the indicator in the ea code as resource#resource \\indicators\\silvertrend_signal.ex5
changed the string paths to the indicators used as resources in the block of the oninit() function
//---- getting silvertrend_signal indicator handle inpind_handle=icustom(symbol(),inpind_timeframe,"::indicators\\silvertrend_signal",ssp,risk,0);
thus, the compiled executable file of the expert can be used on other trade terminals on its own without the indicators.
default expert advisor's input parameters have been used during the tests shown below. stop loss and take profit have not been used during the tests.
fig1. examples of deals on the chart
testing results for 2015 at eurusd h4:
fig.2. chart of testing results
You may also like: adx trend pullback ea: trend strength and volatility-based trading - 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.