Get Rich or Die Trying GB P
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 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.
Description & Settings
Positions are only opened at the specified time (+ shift set in "
Additional hour"
). Bullish and bearish bars are counted on PERIOD_M1 (M1). The money management classes CMoneyFixedMargin and CMoneyFixedRisk are used.
Inputs:
Stop Loss
Take Profit
Take Profit 2 — used for a 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 percent value
Count bars — the number of bars among which bullish and bearish bars will be counted
Additional hour — shift
Max positions — the maximum number of positions
Comparison of lot calculation based on the free margin on GBPUSD,M1:
and the fixed risk value:
The difference here is only the position load.
