HF T Spreader for FO R T S
Info
The HF T Spreader for FO R T S is a Expert Advisor for MetaTrader 5 that inputs:- position size in lots- spread - number of minimum price steps. For example, a value of 4 set for the symbol mix-9.
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 HF T Spreader for FO R T S
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
Inputs:- Position size in lots- Spread - Number of minimum price steps.
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: Spreader 2 - another powerful expert for MetaTrader 5 traders.
Inputs:- Position size in lots
- Spread - Number of minimum price steps. For example, a value of 4 set for the symbol mix-9.15 means that the minimum price change step for this symbol (as per its contract specification) is 25, so the EA will initiate order placement when the spread reaches 4*25=100.
Also recommended: spreader - similar expert with strong performance on MetaTrader 5.
Operating Principle:
When all trading conditions are met, the EA places two limit orders at the best prices. For instance, if the best bid price is 167000, the EA places an order at 167025 (for mix-9.15). It then waits for the orders to be accepted, indicating an open position. Subsequently, the EA places an opposite order with double the volume to close the position and reverse. If the orders are not accepted and the spread widens, the EA removes the orders, ensuring that its orders always have the best prices, just one minimum step away from the symbol's closest best price.
On fast-moving markets, the EA may experience delays and might not always reopen orders at the best prices in time.
Video:
N/A
You may also like: Exp Color Stoch NR - excellent alternative for expert users on MetaTrader 5.
Source Code
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property link "https://robotfx.org"
#property copyright "robotfx"
#property version "1.00"
#include <trade\positioninfo.mqh>
#include <trade\orderinfo.mqh>
#include <trade\trade.mqh>
input double lots = 1; // .......
⚠ 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.