frank ud
Info
The frank ud is a Expert Advisor for MetaTrader 5 that works only on the hedge accounts. martin, martingale.
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 frank ud
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
works only on the hedge accounts.
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: plateau - another powerful expert for MetaTrader 5 traders.
works only on the hedge accounts! martin, martingale. doubling the lot at loss.
it starts by opening two opposite positions with the minimal lot. the "
Also recommended: currencyprofits 01. 1 - similar expert with strong performance on MetaTrader 5.
takeprofit" and "
stoploss
" levels of positions are set immediately.
one of them becomes profitable, while the other, of course, losing. the profitable one is closed by takeprofit, and the losing one is strengthened at the "
step
" from the price. if the movement continues in the same direction, strengthen again. sooner or later there will be a reversal. each step of strengthening is performed using lot doubling, therefore after a reversal the last losing position will reach takeprofit and cover everything with a positive result. then everything is started from the beginning, open orders with the minimal lot.
working with this expert advisor requires a sufficiently large deposit, otherwise there may not be enough funds for all the necessary steps.
result of testing in "every tick based on real ticks" mode, eurusd m30, initial deposit - 100000, period from 2016.01.08 to 2016.11.17, optimization was not performed:
You may also like: Color Coppock Expert Advisor - 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.