Nevalyashka Strategy for MT4/MT5
Info
The Nevalyashka Strategy for MT4/MT5 is a Expert Advisor for MetaTrader 5 that this trading strategy is based on the breakout of a high/low in a selected time interval, employing the 'nevalyashka' approach and a martingale lot-increasing technique for recovery. The Expert Advisor calculates the high and low prices within a specified time range from 'Time Start' to 'Time End'.
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 Nevalyashka Strategy for MT4/MT5
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 trading strategy is based on the breakout of a high/low in a selected time interval, employing the 'Nevalyashka' approach and a Martingale lot-increasing technique for recovery.
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: Strategy Tester Report Parser for Deals and Trades - another powerful expert for MetaTrader 5 traders.
This trading strategy is based on the breakout of a high/low in a selected time interval, employing the 'Nevalyashka' approach and a Martingale lot-increasing technique for recovery.Also recommended: Fx Craft Example EA: MA Cross Strategy Explained - similar expert with strong performance on MetaTrader 5.
The Expert Advisor calculates the high and low prices within a specified time range from 'Time Start' to 'Time End'. If the price surpasses the high, a buy position is initiated, and if it falls below the low, a sell position is opened. Stoploss is strategically set at the opposite border of the period, while Takeprofit is determined by the height of the control period.
When 'Use Time Close' is enabled, the 'Time Close' parameter becomes active, ensuring all positions are closed at the specified time. Only hours and minutes are considered for 'Time Start', 'Time End', and 'Time Close'.
The EA monitors stoploss-based closures in OnTradeTransaction. Upon detecting 'Deal Entry Out', it examines the comment field; if it finds 'sl', indicating a stoploss-triggered closure, the EA opens a position opposite to the closed one with an increased lot size, multiplied by 'K. Martin'.
If a position yields a positive profit, the EA waits for the next 'Time End' period and repeats the process. The 'No Loss' parameter enables breakeven management, adjusting the stoploss to the position's open price when half the position profit is achieved.
Example: Testing on EURUSD, M30.
You may also like: Manual Trade Pad for MetaTrader 5 Strategy Tester - 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.