Frank Ud
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. 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 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.
Description & Settings
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 "
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:
