ketty
Info
The ketty is a Expert Advisor for MetaTrader 5 that the ea works with pending buy stop and sell stop orders. the strategy applies the general view of british traders as well-known “stop level hunters”.
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 ketty
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 ea works with pending buy stop and sell stop orders.
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: em a - another powerful expert for MetaTrader 5 traders.
the ea works with pending buy stop and sell stop orders.
the strategy applies the general view of british traders as well-known “stop level hunters”. this means that the initial movement at the opening of the london session may not always be true.
Also recommended: exp af l winner sign - similar expert with strong performance on MetaTrader 5.
the original rules for buying are as follows:after the beginning of the london session, wait for the price to reach a new range low, which is less than the open price at least by the
channel breakthrough
value (the range is a price movement between the frankfurt and london openings).
then the pair reverses and hits the maximum.
set a buy pending order with the volume of
lots
to
order price shift
above the range high.
set stop loss (
stop loss
) and take profit (t
ake profit
) immediately.
calculate the channel range strictly from
channel start hour
::
channel start minute
up to
channel end hour
::
channel end time
. search for high and low within this range. use the detected high and low as well as the dates
channel start hour
::
channel start minute
and
channel end hour
::
channel end time
to build a rectangle and visualize the channel:
a pending order is placed within a time range from
placing order start time
(hours) to
placing order end time
(hours). if we go beyond the specified range, while there is a a non-activated pending order, remove it.
gbpusd, m15:
You may also like: exp i rs i sign - 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.