Heiken Ashi based 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 Heiken Ashi based 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 Expert Advisor is based on Heiken Ashi indicator.
Suitable pair and timeframe:
EURAUD -- H1
Strategy Tester Report
MetaQuotes-Demo (Build 294)
Settings
Expert:
HA_kEA
Symbol:
EURAUD
Period:
H1 (2010.07.18 - 2010.07.24)
Inputs:
P=100
Broker:
MetaQuotes Software Corp.
Currency:
USD
Initial Deposit:
3 000.00
Results
Bars:
120
Ticks:
378767
Total Net Profit:
-2 047.37
Gross Profit:
1 174.25
Gross Loss:
-3 221.62
Profit Factor:
0.36
Expected Payoff:
-292.48
Recovery Factor:
-0.37
Sharpe Ratio:
-1.62
Balance Drawdown: Balance Drawdown Absolute:
2 047.37
Balance Drawdown Maximal:
2 627.45 (73.39%)
Balance Drawdown Relative:
73.39% (2 627.45)
Equity Drawdown: Equity Drawdown Absolute:
2 301.38
Equity Drawdown Maximal:
5 472.90 (88.68%)
Equity Drawdown Relative:
88.68% (5 472.90)
Total Trades:
7
Short Positions (won %):
5 (40.00%)
Long Positions (won %):
2 (0.00%)
Profit Trades (% of total):
2 (28.57%)
Loss Trades (% of total):
5 (71.43%)
Largest profit trade:
1 031.31
Largest Loss Trades (% of total):
-891.96
Average profit trade:
587.13
Average Loss Trades (% of total):
-644.32
Maximum consecutive wins ($):
1 (1 031.31)
Maximum consecutive losses ($):
3 (-2 558.97)
Maximal consecutive profit (count):
1 031.31 (1)
Maximal consecutive loss (count):
-2 558.97 (3)
Average consecutive wins:
1
Average consecutive losses:
2
