FX-CH A O S SC A L P
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 FX-CH A O S SC A L P
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
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MQL5 code by
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The FX-CHAOS_SCALP trading strategy. No more than one position is in the market at a time. The EA uses the indicator, a ZigZag based on fractals.
when referring from the EA to the ZigZag on Fractals indicator data, the data should be taken from bar #3, while it is useless to take indicator data from bars #2, #1, and #0, since the ZigZag on Fractals indicator does not plot on them:
Inputs
Lots
- the size of the position to be opened;
Stop Loss
- Stop Loss;
Take Profit
- Take Profit;
magic number
- the unique EA identifier;
slippage
- slippage.
Exemplary test on real ticks, for GBPUSD,H1:
