Lacus Tstopand BE
This is a powerful addition to your MetaTrader 5 toolkit designed to optimize market analysis and performance. 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 Lacus Tstopand BE
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 only designed for manual trading. The EA sets stop loss and take profit for positions and pending orders on the current symbol. It also has trailing stop and breakeven functions.
Input Parameters
Stop loss
- stop loss value;
Take profit
- take profit value;
Close all if profit reached the x percent of balance or
- close all positions once the total profit reaches x percent of balance;
close all if profit reached the x profit amount in currency
- close all positions once the total profit reaches the specified amount in the deposit currency;
Close if profit reached x profit amount
- close a position once its profit reaches the specified amount in the deposit currency;
Trailing Start after reaching x pips
- trailing start setting;
Trailing Stop distance from current price
- trailing step setting;
Breakeven Gain after reaching x pips
- the number of profit points after which a position will be moved to breakeven;
Breakeven x pips locked in profit
- the number of points to move the breakeven point;
Stealth mode for Stoploss and Takeprofit values
- hidden mode. Example
A Buy position is opened without a stop loss and take profit. The EA sets preset stop loss and take profit values.
Suppose, the price moves in a favorable direction and makes
Breakeven Gain after reaching x pips
point of profit. The EA sets the breakeven at
Breakeven x pips locked in profit
points. The price moves higher and the EA trails
Stop loss
following the price: every
Trailing Start after reaching x pips
stop loss is trailed by
Trailing Stop distance from current price
points.
