DOWNLOAD all MT5 experts (1557)
Similar MetaTrader Tools
MT4 Experts
MT4 Indicators
MT5 Experts
MT5 Indicators
Plan X
Info
The Plan X is a Expert Advisor for MetaTrader 5 that idea by:mq5 code by:attention: the ea is designed to work on hedge accounts only. The EA compares the difference between the Close price of bar #1 and the Close price of bar #Candle shift.
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 Plan X
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
Idea by:mq5 code by:ATTENTION: The EA is designed to work on hedge accounts only.
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: Tarantella - another powerful expert for MetaTrader 5 traders.
Idea by:
mq5 code by:
ATTENTION: The EA is designed to work on hedge accounts only!
The EA compares the difference between the Close price of bar #1 and the Close price of bar #
Also recommended: XP Forex Trade Manager MT5 - similar expert with strong performance on MetaTrader 5.
Candle shift. If the value exceeds
Channel height
, a position will be opened. At the same time, the reverse of signals (
Reverse
) is considered:
If time control (Use time control) is enabled, then trading signals will only be checked within the the predefined time interval (between
Start hour
and
End hour
). By the way, if the
End hour
value is set below the
Start hour
value, the time interval will go beyond the day.
EURUSD, H1:
You may also like: Open Ticks - excellent alternative for expert users on MetaTrader 5.
⚠ 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.