fractals at close prices ea
Info
The fractals at close prices ea is a Expert Advisor for MetaTrader 5 that the expert advisor trades based on the indicator. compile the indicator and add it to [data folder]\mql5\indicators\.
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 fractals at close prices ea
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 expert advisor trades based on the indicator.
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: Creating Fractals in MT5 Using Iterated Function Systems (IFS) - another powerful expert for MetaTrader 5 traders.
Also recommended: Close All Positions on Maximum Loss - similar expert with strong performance on MetaTrader 5.
the expert advisor trades based on the indicator . compile the indicator and add it to [data folder]\mql5\indicators\.configuring time interval for trading:
intraday trading (
start trade hour
is less than
end trade hour
)
trading with continuation the next day (
start trade hour
is greater than
end trade hour
)
round-the-clock trading (
start trade hour
is equal to
end trade hour
)
when a position is opened, preset stop loss and take profit levels are set. also, the ea has the trailing stop function.
input parameters
start trade hour
- trading start time (hours);
end trade hour
- trading end time (hours);
lots
- the volume of position to open;
stop loss (in pips)
- stop loss value;
take profit (in pips)
- take profit value;
trailing stop (in pips)
- trailing value;
trailing step (in pips)
- trailing step value;
magic number
- expert advisor identifier.
example of opening a sell position:
You may also like: yuraz closeprc 1 - excellent alternative for expert users on MetaTrader 5.
Source Code
/.......
⚠ 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.