fraktrak xonax
Info
The fraktrak xonax is a Expert Advisor for MetaTrader 5 that 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.
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 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.
What this tool does
idea by:mq5 code by:attention: it is recommended to run this ea on hedge accounts only.
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: precipice - another powerful expert for MetaTrader 5 traders.
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!
Also recommended: ka-gold bot mt5 - similar expert with strong performance on MetaTrader 5.
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.
You may also like: EXP AFIRMA Expert Advisor: Trading based on AFIRMA Indicator Signals - 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.