Mart Greg
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 Mart Greg
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 uses two
MACD
indicators. The first MACD is used to find the deal entry, the second is used to determine the trend.
The money management is based on the fixed part and martingale system with limited number of doubles.
The libraries must be placed to the terminal_data_folder\MQL5\Include folder of the client terminal.
Input parameters:
DML- deposit size for minimal allowed lot for the account;
Ud - number of doublings. It begans with 0 - no doublings;
Stop - Stop Loss value in points;
Tp - Take Profit value in points;
Slipage - Slippage in points;
MACD1Fast - Fast ЕМА for MACD, used to find the entry;
MACD1Slow - Slow ЕМА;
MACD2Fast - Fast ЕМА for MACD, used to determine the trend;
MACD2Slow - Slow ЕМА.
