Gordago EA
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 Gordago EA
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 based on iMACD (Moving Average Convergence/Divergence, MACD) and iStochastic (Stochastic Oscillator). The robot works only when a new bar appears, while trailing works on each tick.
EA features:
specify a working timeframe (
Work timeframe
) - main timeframe used to define the moment a new bar emerges
specify MACD indicator timeframe (
MACD: timeframe
)
specify Stochastic indicator timeframe (
Stochastic: timeframe
)
specify various stop loss and take profit for BUY and SELL positions
When defining a trading signal, Stochastic is additionally checked for levels:
for a BUY signal, Stochastic indicator on bar #0 should be less than
Stochastic level BUY
for a SELL signal, Stochastic indicator on bar #0 should exceed
Stochastic level SELL
Full equation of BUY signals:
(MACD #0 > MACD #1) AND (MACD #1 < 0.0) AND (Stochastic #0 <
Stochastic level BUY)
AND (Stochastic #0 > Stochastic #1)
Full equation of SELL signals:
(MACD #0 < MACD #1) AND (MACD #1 > 0.0) AND (Stochastic #0 >
Stochastic level SELL)
AND (Stochastic #0 < Stochastic #1)
Optimized parameters:
You may use OHLC mode for faster optimization, although make sure to test in "Every tick" or "Every tick based on real ticks" mode after that.
After optimization for USDJPY (these parameters are included into the EA as default ones) :
