Futures Portfolio Expiration Management
Info
The Futures Portfolio Expiration Management is a Expert Advisor for MetaTrader 5 that this expert advisor (ea) showcases the utilization of a script that facilitates the automatic transition to new futures contracts prior to expiration. The EA operates by initiating positions with designated volumes on three distinct instruments, as defined in the input parameters.
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 Futures Portfolio Expiration Management
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
This expert advisor (EA) showcases the utilization of a script that facilitates the automatic transition to new futures contracts prior to expiration.
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: CME Equity Index Futures Holiday Calendar and Trading Halt Automation - another powerful expert for MetaTrader 5 traders.
This expert advisor (EA) showcases the utilization of a script that facilitates the automatic transition to new futures contracts prior to expiration.Also recommended: Portfolio Weight Calculation: Risk Parity, HRP, Minimum Variance, and Maximum Diversification - similar expert with strong performance on MetaTrader 5.
The EA operates by initiating positions with designated volumes on three distinct instruments, as defined in the input parameters. Negative volume values are employed for sell positions, while positive values are used for buy positions.
Several hours before the futures' expiration (as set in the input parameter 'hours_before_expiration'), the EA closes the existing position and opens a new one on the upcoming futures symbol.
Input Parameters:
- symbol1: Short name of the first symbol.
- symbol2: Short name of the second symbol.
- symbol3: Short name of the third symbol.
- lot1: Volume for the first symbol.
- lot2: Volume for the second symbol.
- lot3: Volume for the third symbol.
- hours_before_expiration: Hours before expiration to switch to new futures.
Note: This expert advisor is intended for strategy testing and has not undergone real-world trading validation.
You may also like: Portfolio Allocation Planner: Budget to Lots Dashboard and CSV Export - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#include <trade\trade.mqh>
enum esym { si, eu, ed, audu, gbpu, br, gold, sbrf, gazr, mxi, rts, lkoh, rosn, vtbr };
input esym symbol1 = mxi;
input esym symbol2 = br;
input esym symbol3 = sbrf;
input int lot1 = -4.0;
input int lot2 = -1.0;.......
⚠ 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.