Opening an Opposite Position
Info
The Opening an Opposite Position is a Expert Advisor for MetaTrader 5 that opening a position opposite to the recently closed one, with the same volume. This strategy works for any symbol and any magic number.
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 Opening an Opposite Position
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
Opening a position opposite to the recently closed one, with the same volume.
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: Opening Range Breakout with NR4 / NR7 Contraction Filters (2026 Update) - another powerful expert for MetaTrader 5 traders.
Opening a position opposite to the recently closed one, with the same volume. This strategy works for any symbol and any magic number.Also recommended: ORB Risk Managed: Opening Range Breakout with Account Protection - similar expert with strong performance on MetaTrader 5.
For instance, consider an open AUDUSD buy position of 0.01. Once this position is closed (e.g., manually), the expert advisor will promptly open a new AUDUSD position, this time as a sell position.
The entire code is encapsulated within the onTradeTransaction function. Here, we monitor for the position closing deal (deal_entry_out). Upon detecting this deal, we verify the deal's position (if a buy is closed, it becomes a sell deal, and vice versa) and subsequently open a new position.
You may also like: Session Opening Range Breakout EA - 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.