PR Ophet
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 PR Ophet
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
Attention: parameters should be optimized on the M5 timeframe for the last 12 weeks!
The
PROphet
Expert Advisor consists of two independent linear perceptrons.
Each of them separates the input features — candlestick shifts — into 2 classes.
Perceptron № 1 >
class № 1: BUY
class № 2: flat or SELL
Perceptron № 2 >
class № 1: SELL
class № 2: flat or BUY
This is the main idea of the EA — not to combine the only BUY and only SELL classes in once perceptron.
Optimization is performed for the previous 12 weeks, on weekends, in 2 stages.
Stage № 1:
set variables to daBUY=true and daSELL=false. Optimize only the weights x1, x2, x3, x4 from 1 to 200 and the movable stop loss slb from 30 to 100, everything with a step of 1.
Stage № 2:
set variables to daBUY=false and daSELL=true. Optimize only the weights y1, y2, y3, y4 from 1 to 200 and the movable stop loss sls from 30 to 100, everything with a step of 1.
After optimization both daBUY and daSELL variables are set to true .
The obtained results are valid for the next /future/ week.
