Nevalyashka3 1
This tool for MetaTrader 5 is specifically engineered to streamline your trading operations. 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 Nevalyashka3 1
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 advantage of the Expert Advisor is that it can confidently move into positive direction. Its main disadvantage is the drawdown.
The idea is: trade EURUSD. The average price change for 90% of days is over 60 points. For one week, the volume exceeds 200 in 90% of cases.
It means that there is growth during the full three days of the week on the average. The weekly "turbulence" is minimal.
The strategy is as follows: stop loss is set at 60+10 points (in order to avoid accidental hitting, we add +10 points to the price), take profit is set at 190 (200 - 10 for the spread and the minimum distance to a trade).
Lot with a stop loss and take profit (70/190) is opened. Then the order is trailed by 10 pips every 10 pips (in case of reversal, it guarantees that the stop-order is aways positioned at the weekly bottom/peak price. As a result, an order will be closed during a week).
As a result, every 1.5 weeks theoretically make a profit equal to the average weekly volume (200).
After optimization on EURUSD M5, from 2016.01.01 to 2017.03.02, initial deposit 10000 (the resulting parameters are already used in the EA):
