exp xang zad c tm mm rec
Info
The exp xang zad c tm mm rec is a Expert Advisor for MetaTrader 5 that a trading system using the trend-following indicator with the possibility to set a fixed trading time interval and change the volume of a forthcoming trade depending on the results of the previous trades. a trade decision is made when the indicator cloud changes its color.
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 xang zad c tm mm rec
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
a trading system using the trend-following indicator with the possibility to set a fixed trading time interval and change the volume of a forthcoming trade depending on the results of the previous trades.
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: williams percent direction index - another powerful expert for MetaTrader 5 traders.
a trading system using the trend-following indicator with the possibility to set a fixed trading time interval and change the volume of a forthcoming trade depending on the results of the previous trades.
Also recommended: price rollback - similar expert with strong performance on MetaTrader 5.
a trade decision is made when the indicator cloud changes its color.it is possible to specify trading time in input parameters to trade in the specified time interval:
two variables for hours and minutes are provided for each of trading start and trading end times.
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 in the ea's settings is later than the specified trading end time, the ea will close the opened positions at the specified time next day.
the block of input ea variables is added for managing volumes of opened positions:
in case of such inputs and when selecting from the last five trades, three of which are loss-making in a single direction, the ea opens the next trade in the same direction having the volume of 0.01 lot. if there are less than three loss-making trades out of the last five ones, the position volume is 0.1.
this expert advisor requires the compiled indicator file
xang_zad.ex5
in order to run. it should be available under <terminal_data_folder>\mql5\indicators.
the ea default input parameters were used in tests below. stop loss and take profit were not used in testing.
fig. 1. examples of deals on the chart. trading only in the time intervals set in the inputs is disabled.
testing results for gbpjpy h4 over the year 2017:
fig. 2. test results chart
fig. 3. examples of deals on the chart. trading only in the time intervals set in the inputs is enabled.
You may also like: exp vortex indicator mm rec duplex - 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.