Galactic Explosion
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 Galactic Explosion
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
The Expert Advisor was inspired by the forum topic Requests & Ideas (MQL5 only!), comment .
Description of the System
The Expert Advisor only performs actions on a new bar (calculations are performed at the moment of a new bar emergence, the EA does not work inside the bar).
The EA operation is restricted by
operation time
, which is specified in hours. For example,
operation hours
can be set from 8 am to 5 pm:
8 am -
operation hours
- 5 pm
New positions can ONLY be opened in working hours. POSITION CLOSING is also allowed in non-working hours.
Position volume
is set manually in input parameters and is always
equal to a fixed amount
.
When to open the first trade: BUY if the 200 EMA is below the new bar. SELL is the 200 EMA is above the new bar.
A position (or positions) should be closed if the NET profit (commission + swap + profit) is equal to or greater than
Minimum profit
(specified in the account currency).
If at the opening of the next new bar trading is not in profit, we do nothing with open positions until all trades together make a total profit.
If there are open positions and the total NET profit is negative, open a new position at the opening of each new bar. Continue opening new positions until the
Minimum profit
value is reached.
When there are more than 8 open positions, the following limitations apply:
We continue opening new positions similar to the first 8 positions, but now a position can only be opened if the distance between the new bar price and the last open position is no less than 10 points.
If the current bar price is at a distance of 500 to 999 points from the price of the first open position, we open a new position according to the rule 8.1, but now we skip a minimum of 3 candlesticks.
If the current bar price is at a distance of 1000 to 2000 points from the price of the first open position, we open a new position according to the rule 8.1, but now we skip a minimum of 6 candlesticks.
