HF T Spreader for FO R T S
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. 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 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.
Description & Settings
Inputs:
position size
in lots,
spread
— number of minimum price steps. For example, the value of 4 set for MIX-9.15 symbol means that the minimum price change step for this symbol (from its contract specification) equals 25, therefore, the EA will start to place orders when the spread is 4*25=100.
Operating principle:
If all conditions for trading are met, then the EA places 2 limit orders by best prices, i.e. if the best Bid price was 167000, then the EA places the order by 167025 (for MIX-9.15), then it waits for the orders to be accepted. After the orders are accepted, i.e. the position is opened, the EA will place only an opposite order with doubled volume to close the position and reverse. If the orders weren't accepted, and then the spread has been extended, then the EA will remove the orders and will always ensure that our orders have the best prices from the closest best price by 1 minimum step of the symbol's price change.
On fast markets, it may work with a delay and fail to reopen orders by best prices in time.
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