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Poker Show
Info
The Poker Show is a Expert Advisor for MetaTrader 5 that the ea uses a random number generator to determine entry positions, with eight gradations based on poker combinations. Each combination has a corresponding value, and if the random number generator's value exceeds this, it triggers a signal.
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 Poker Show
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
The EA uses a random number generator to determine entry positions, with eight gradations based on poker combinations.
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: Show Pips Indicator - another powerful expert for MetaTrader 5 traders.
The EA uses a random number generator to determine entry positions, with eight gradations based on poker combinations. Each combination has a corresponding value, and if the random number generator's value exceeds this, it triggers a signal.Also recommended: e-turbo FX Strategy - similar expert with strong performance on MetaTrader 5.
The EA then checks for a trend by comparing the moving average (MA) with the ask/bid price, depending on the 'reverse' parameter setting. If 'reverse' is false, a buy signal is generated when the MA is higher than the ask price by the minimum distance, and a sell signal when it's lower. If 'reverse' is true, a buy signal occurs when the MA is lower than the bid price, and a sell signal when it's higher.
Input parameters include the poker combination number, lot size, stop loss, take profit, use buy/sell options, MA trend settings (minimum distance, period, averaging period, horizontal shift, smoothing type, and price type), reverse setting, magic number, and slippage.
Note: Due to the random number generator, testing results may vary each time, making it challenging to interpret the EA's performance accurately.
You may also like: on n x trader - 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.