Hans123 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 Hans123 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
The Expert Advisor places pending Buy Stop and Sell Stop orders. To place an order, the EA searches for the highest and lowest price within the given range of bars (set to 80 in this code). Buy Stop orders are placed at the highest price, Sell Stop are placed at the lowest one.
The lifetime of pending orders lasts until the end of the current day. Once any of the pending orders triggers, all other orders are deleted.
An example of operation on EURUSD,M5:
Input Parameters
Lots
- the volume for pending orders
Stop Loss (in pips)
- Stop Loss value
Take Profit (in pips)
- Take Profit value
Trailing Stop (in pips)
- trailing value
Trailing Step (in pips)
- trailing step value
Start hour
- operation start hour
End hour
- operation end hour
