Hangseng Trader
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 Hangseng Trader
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
Idea by
: .
MQL5 code by
: .
Indicator is used:
The Expert Advisor works in two timeframes: Indicator Resistance & Support is constructed on the current timeframe, while object Fibonacci Lines (OBJ_FIBO) is based on the High and Low of the daily timeframe, and parameter "
Number of DAUY bars for finding support and resistance levels
" is equal to "
1
":
Inputs
Lots - position volume
Trailing Stop (in pips) - trailing
Trailing Step (in pips) - trailing step
Number of DAUY bars for finding support and resistance levels - amount of days for calculating Fibo
MA: averaging period - Moving Average averaging period
MA: horizontal shift - horizontal Moving Average shift
MA: smoothing type - Moving Average smoothing type
MA: type of price - price type used as the basis for calculating the Moving Average indicator
magic number - the unique EA identifier
Exemplary testing on EURUSD,M15:
