har veste r
Info
The har veste r is a Expert Advisor for MetaTrader 5 that the harvester expert advisor closes a half of the profitable position when the following condition is fulfilled: the distance between the current position price and the position open price is equal tostoploss* ratio "half-of-position closing ratio" the ea additionally moves the position to breakeven. input parameters macd: period for fast average calculation- fast moving average period.
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 har veste r
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
the harvester expert advisor closes a half of the profitable position when the following condition is fulfilled: the distance between the current position price and the position open price is equal tostoploss* ratio "half-of-position closing ratio" the ea additionally moves the position to breakeven.
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: EA for Chart Object Properties and ID - another powerful expert for MetaTrader 5 traders.
the harvester expert advisor closes a half of the profitable position when the following condition is fulfilled: the distance between the current position price and the position open price is equal to
Also recommended: Professional Automatic Trailing Stop Utility for MetaTrader 5 - similar expert with strong performance on MetaTrader 5.
stoploss* ratio "half-of-position closing ratio"the ea additionally moves the position to breakeven.
input parameters
macd: period for fast average calculation
- fast moving average period.
macd: period for slow average calculation
- slow moving average period.
macd: period for their difference averaging
- the period for averaging the difference.
number of bars macd (only >= 1)
- the number of macd bars to search for high and low.
ma #1: averaging period
- moving average #1 averaging period.
ma #2: averaging period
- moving average #2 averaging period.
minimal indentation (in pips)
- the minimum distance between the price and the moving average.
number of bars stop loss (only >= 1)
- the number of bars for calculating stop loss.
adx enable
: true → use adx, false → const "60" - allow/prohibit using the values of the adx indicator.
buy level adx (use only if "adx enable == true")
- adx value for opening buy positions.
sell level adx (use only if "adx enable == true")
- adx value for opening sell positions.
adx period
- averaging period of average directional movement index.
half-of-position closing ratio (only >= 2)
- stop loss increase ratio.
lots
- position volume.
You may also like: MQL5 Wizard: Trading Signals with Bullish/Bearish Meeting Lines and Stochastic Confirmation - 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.