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lucky
Info
The lucky is a Expert Advisor for MetaTrader 5 that a tick expert advisor. comparing the price on the previous tick and the current price.
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 lucky
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 tick expert advisor.
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: Lucky - another powerful expert for MetaTrader 5 traders.
a tick expert advisor. comparing the price on the previous tick and the current price.
attention! tests only in the "every tick based on real ticks" mode.
Also recommended: e-news-lucky - similar expert with strong performance on MetaTrader 5.
algorithm: two variables:static double prev_ask=0.0; // a static variable for storing the ask price on the previous tick static double prev_bid=0.0; // a static variable for storing the bid price on the previous tick
the static variable retains its value after leaving the function.
input parameters:
the difference between the price on the previous tick and the current one
loss of points
reverse of signals
the most interesting parameter is the "reverse of signals". depending on the value (true or false) open at a signal either buy or sell.
You may also like: three neural networks - 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.