MT45 Cross-Platform Expert Advisor
Info
The MT45 Cross-Platform Expert Advisor is a Expert Advisor for MetaTrader 5 that this expert advisor (ea) is designed for the mt4 and mt5 platforms, implementing a trading strategy with a unique approach to position management. Trading Strategy:- After a losing trade, the EA increases the lot size for the next trade.
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 MT45 Cross-Platform Expert Advisor
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
This expert advisor (EA) is designed for the MT4 and MT5 platforms, implementing a trading strategy with a unique approach to position management.
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: i ma i sa r ea - another powerful expert for MetaTrader 5 traders.
This expert advisor (EA) is designed for the MT4 and MT5 platforms, implementing a trading strategy with a unique approach to position management.Also recommended: Super Trend TV EA: Robust Signal Handling for MetaTrader - similar expert with strong performance on MetaTrader 5.
Trading Strategy:
- After a losing trade, the EA increases the lot size for the next trade.
- The first trade is always a buy operation, followed by alternating buy and sell positions.
- Positions are opened at the candlestick opening.
- After a stop loss, the lot size is increased by a coefficient (kl) until it reaches the maximum lot (ml). Then, the lot is reset to the initial value (lТ).
Optimized Settings:
- Currency pair: EURUSD
- Timeframe: Н1
- Optimization interval: 11.01.2022 - 09.09.2026
Cross-Platform Implementation:
The EA utilizes preprocessor directives to ensure cross-platform compatibility between MT4 and MT5. Here's an example of the Martingale function implementation:
Backtests:
- MetaTrader 4: [Backtest results for MT4].
- MetaTrader 5: [Backtest results for MT5].
Tips:
- This EA is best used as a foundation for developing your custom trading strategy, allowing for further customization and optimization.
You may also like: trailing star - 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.