Multi Arbitration 1. 1xx
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. 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 Multi Arbitration 1. 1xx
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
A further development of .
Difference from 1.000
:
The EA is only launched on PERIOD_M1 (see the explanation below, parameter
Time frame
).
The EA now trades two symbols simultaneously. The second symbol is taken from the
ExtArrSymbols
static array:
Position opening principle has changed:
Now, a new BUY position can only be opened when the current price is below the lowest BUY position.
A new SELL position can only be opened when the current price is above the highest SELL position.
The new parameter
Time frame
allows optimizing the EA on any chart. The Expert Advisor works when a new bar of the main symbol appears (i.e. the symbol of the chart on which the EA is running):
Here the
InpTimeFrame
variable is our
Time frame
input. Depending on the
Time frame
input, we can enable the EA to work on any timeframe!
Testing results on EURUSD:
