last price
Info
The last price is a Expert Advisor for MetaTrader 5 that a scalper that trades depending on the last deal on the open interest side. it is known that on a centralized market a chart is plotted depending on the last deal made on the market side.
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 last price
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
a scalper that trades depending on the last deal on the open interest side.
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: mtf price action scalper ea - another powerful expert for MetaTrader 5 traders.
a scalper that trades depending on the last deal on the open interest side. it is known that on a centralized market a chart is plotted depending on the last deal made on the market side. therefore, this robot watches that deal and opens positions depending on where its price goes.
Also recommended: price action intraday trading expert for mt5 - similar expert with strong performance on MetaTrader 5.
the robot's feature is that it opens positions without slippage. parameters are configured to rts futures.the expert advisor launch date and its position are marked on the figure.
recommendations:
in order to aviod drawdown, the last deal must be greater or less than ask and bid prices. otherwise you may lose out on the spread.
it is possible to specify the maximum allowed spread for opening a position, just to be safe.
deal volumes also affect the potential profit. it was noted that the volume equal to 1 generates income more often (that is when dealing with the "extreme mode" of the expert advisor - when the minimum deviation of the deal price is only slightly greater than spread).
You may also like: automated trading with price crossover and moving average indicator - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "2.00"
input long interval=400; // .
input long minvolume=1; // .
input long maxvolume=900000; // .
input long spread= 200; // .
input long lots=1; //
input long slpips=400; // stop loss
input enum_order_type_filling filling=order_filling_return; // .......
⚠ 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.