Get Rich or Die Trying GB P
Info
The Get Rich or Die Trying GB P is a Expert Advisor for MetaTrader 5 that positions are opened at a specific time with an optional shift, as set in 'additional hour'. Bullish and bearish bars are counted on period_m1 (M1).
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 Get Rich or Die Trying GB 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.
What this tool does
Positions are opened at a specific time with an optional shift, as set in 'additional hour'.
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: we tr u s t - another powerful expert for MetaTrader 5 traders.
Positions are opened at a specific time with an optional shift, as set in 'additional hour'. Bullish and bearish bars are counted on period_m1 (M1).Also recommended: Money Rain: A Martingale-Based Expert Advisor - similar expert with strong performance on MetaTrader 5.
Money management classes used:
- cmoneyfixedmargin
- cmoneyfixedrisk
Inputs:
- Stop Loss
- Take Profit
- Take Profit 2 - Used for program-based closing
- Trailing Stop
- Trailing Step
- Money Management - Risk calculation type (percent of free margin or fixed risk value)
- Risk for a deal (in percent) - Allowable risk percentage
- Count Bars - Number of bars for counting bullish and bearish bars
- Additional Hour - Shift
- Max Positions - Maximum number of positions
Comparison of lot calculation based on free margin on GBPUSD, M1:
- Free margin on GBPUSD, M1
- Fixed risk value
The difference is in the position load.
You may also like: Martin - excellent alternative for expert users on MetaTrader 5.
Source Code
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⚠ 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.