Oz Fx
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 Oz Fx
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
Description of generation of position open signals:
Stoh_main_1 - the value of Stochastic Oscillator on bar #1.
InpStochasticLevel - input for Stochastic level.
AC_1 - the value of Accelerator Oscillator on bar #1.
ACPrev_2 - the value of Accelerator Oscillator on bar #2.
BUY signal - when Stochastic Oscillator on bar #1 is greater than the Stochastic level input and Accelerator Oscillator on bar #1 is greater than Accelerator Oscillator on bar #2. In this case, Accelerator Oscillator on bar #1 should be above zero, and Accelerator Oscillator on #2 should be below zero:
SELL signal - when Stochastic Oscillator on bar #1 is less than the Stochastic level input and Accelerator Oscillator on bar #1 is less than Accelerator Oscillator on bar #2. In this case, Accelerator Oscillator on bar #1 should be below zero, and Accelerator Oscillator on #2 should be above zero:
An example of a SELL signal:
When a signal is received, we open five positions with the same lot. The first position has Stop Loss and Take Profit equal to zero. All subsequent positions have equal Stop Loss and each one has an increasing Take Profit with the step of the input
Take Profit (in pips)
.
Testing results on all symbols on PERIOD_D1:
