Exp XR O C2 VG X2
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 XR O C2 VG X2
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_XROC2_VG_X2 trend-following trading system is based on the signals generated by two indicators. The first indicator determines the direction of the slow trend based on the position of the main and signal lines. The second indicator determines the moment for opening a trade, when the lines are crossed or touched. An entry signal is generated at a bar closure if the following two conditions are met:
Fast and slow trend signals coincide;
Fast trend has changed its direction.
EA inputs:
String variable containing the text in the code of input parameters are only used for better visualization of the EA input parameters window.
The XROC2_VG_HTF indicators in the EA are only intended for a more convenient visualization of trends in the strategy tester, in other operation modes they are inactive.
In order to provide proper operation of the compiled Expert Advisor, you should add the compiled XROC2_VG.ex5 and XROC2_VG_HTF.ex5 indicator files 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 on AUDUSD, slow trend on H6, entry by fast trend on M30:
Fig. 2. Testing results chart
