Exp Stopreversal Tm
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. 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 Stopreversal 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.
Description & Settings
The Exp_Stopreversal_Tm Expert Advisor is based on the signals of the indicator and is provided with the possibility to set a strict trading time interval.
A signal is generated at the close of a bar if a colored indicator arrow 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 Stopreversal.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 2016 at USDJPY H1:
Fig. 2. Testing results chart.
