Fraktrak xonax
This tool for MetaTrader 5 is specifically engineered to streamline your trading operations. 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 Fraktrak xonax
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
Idea by:
mq5 code by:
ATTENTION: It is recommended to run this EA on hedge accounts ONLY! The EA can open BUY and SELL positions at the same time!
An EA based on indicator iFractals. Its basic idea is breaking through the fractal.
For parameter
Reverse
equalling to
false
, the EA generates signals:
When breaking through the fractal upwards, Fractals Up, a BUY position will be opened
When breaking through the fractal downwards, Fractals Down, a SELL position will be opened.
the total number of positions is unlimited.
For parameter
Close opposite
equalling
true
, before opening a position all opposite positions will be closed first. For parameter
Close opposite
equalling
false
, then the EA can hold both BUY and SELL positions in the market at the same time.
