GB P9 AM
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. 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 GB P9 AM
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 EA at
Change for your time zone (my is +1 Hour). Should be 9AM London time
hours
Offset in minutes when to look on price
minutes places a pending Buy Stop and Sell Stop orders. The volume of pending orders is set by the
Lots
parameters.
Buy Stop and Sell Stop are placed at the
Buy Stop: distance from current price
and
Sell Stop: distance from current price
distances from the current price, respectively.
Stop levels: Take profit (
Buy Stop and Sell Stop: Take Profit
) is similar both for Buy Stop and Sell Stop, while for Stop Loss it is individual and is set in the
Buy Stop: Stop Loss
and
Sell Stop: Stop Loss
parameters.
If
Set it to false to ignore Close Hour
flag is "true", all positions are closed and remaining pending orders are removed at
Close all orders after this hour
.
The
Report publication interval
parameter sets the interval (in seconds) of the statistics output by trading history and current positions.
Test in "Every tick" mode by all symbols:
