Exp Total Power Indicator X
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. 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 Total Power Indicator X
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_TotalPowerIndicatorX Expert Advisor is based on the signals generated by the oscillator. It also provides the possibility to set a strict trading time interval.
A trade signal is formed when a bar is closing, if the color of the indicator cloud has changed (the main indicator line has crossed the signal line).
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 variable 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 save the TotalPowerIndicatorX.ex5 compiled indicator file to <terminal_data_folder>\MQL5\Indicators.
Note that the TradeAlgorithms.mqh library file allows using Expert Advisors with brokers who offer
nonzero spread
and the option of setting Stop Loss and Take Profit
during position opening
. You can download more variants of the library at the following link: .
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 at GBPUSD H4:
Fig. 2. Testing results chart
