OH L C Stochastic
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 OH L C Stochastic
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 EA performs operation inside a bar (on every tick). The EA opens only one position at a time, therefore it is able to work both on hedging and netting accounts. Trailing is applied to a position - during the first modification, the position is moved to a guaranteed breakeven.
Trading signals
SELL open signal (if there is an open BUY position, close BUY and open SELL at once)
main Stochastic line on bar #0 (the value of
87.44
in the figure) is below the Stochastic signal line on bar #0 (the value of
91.78
in the image)
at least one of the Stochastic lines is above
STO level UP
(the value of
80.00
in the figure)
For BUY, signals are opposite to SELL.
EURUSD, H12, "Every tick based on real ticks" mode:
