Poker SH O W
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 Poker SH O W
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 determines whether or not to enter a position based on the random number generator. It has eight gradations: the
Poker combination number
parameter:
Straight-flush → 127;
Quads → 255;
Full House → 511;
Flush → 1023;
Straight → 2047;
Set → 4095;
Two pairs → 8191;
Couple → 16383.
If the given gradation is greater than the current value of the random number generator, then this is a signal.
Then, the presence of a trend is checked:
If the
Reverse
parameter is set to "false":
Moving Average is
higher
than the Ask price by
Minimum distance between MA and price
- this is a BUY signal;
Moving Average is
lower
than the Ask price by
Minimum distance between MA and price
- this is a SELL signal.
If
Reverse
is set to "true":
Moving Average is
lower
than the Bid price by
Minimum distance between MA and price
- this is a BUY signal;
Moving Average is
higher
than the Bid price by
Minimum distance between MA and price
- this is a SELL signal. Input Values
Poker combination number
- the given gradation of the probability;
Lots
- the size of the position to open;
Stop Loss
Take Profit
Use BUY
- allow opening BUY positions;
Use SELL
- allow opening SELL positions;
MA trend: Minimum distance between MA and price
- the minimum distance value;
MA trend: period
- timeframe for the Moving Average;
MA trend: averaging period
- the averaging period for the Moving Average;
MA trend: horizontal shift
- the horizontal shift for the Moving Average;
MA trend: smoothing type
- the smoothing type for the Moving Average;
MA trend: type of price
- the price type;
Reverse. "false" → MA on top - BUY; "true" → MA on top - SELL - reversing Moving Average signals;
magic number
- unique EA identifier;
slippage
- slippage size.
Since this Expert Advisor is based on a random number generator, testings results are rendered incorrectly, because each time you get different results.
