Nevalyashka Breakdown Level
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 Nevalyashka Breakdown Level
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
Trading strategy: the breakout of a High/Low in the selected time interval. To recover losing positions, the EA uses the "Nevalyashka" strategy and a martingale technique to increase the lot.
The EA calculates the High and Low price in the specified time interval from
"Time start"
to
"Time end"
:
If the price exceeds the High of this period, a BUY position is opened. If the price is below the Low, a SELL position is opened. StopLoss is set at an opposite border of the period, i.e. at a Low price for BUY positions and at a High price for SELL positions. TakeProfit is set based on the height of the control period.
If "
Use time close
" is set to true, the "
Time close
" parameter (time to close all positions) will be active.
Only hours and minutes are taken into account for parameters
"Time start"
,
"Time end"
and "
Time close
".
Closure by StopLoss is monitored in OnTradeTransaction
.
When "DEAL_ENTRY_OUT" (en: "Entry out") is found, check the comment field of this deal. If the comment contains "sl", it means the deal was closed by StopLoss:
Open a position opposite to the closed one (if the deal type is "DEAL_TYPE_SELL", then a BUY position was closed; "DEAL_TYPE_BUY" means that a SELL position was closed), with an increased lot multiplied by
K. martin
. If a position was closed with a positive profit, the Expert Advisor waits for the start time of the next period
"Time end",
and repeats the above procedure.
"No loss"
parameter means the breakeven; when half of position profit is reached, StopLoss is moved to the position open price.
Example if testing on EURUSD,M30:
