probe
Info
The probe is a Expert Advisor for MetaTrader 5 that the ea works both on netting and hedging accounts. it works on every tick.
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 probe
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 works both on netting and hedging accounts.
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: exp bs i - another powerful expert for MetaTrader 5 traders.
the ea works both on netting and hedging accounts. it works on every tick. in order to place pending orders (buy stop and sell stop), the ea analyzes icci indicator values on bars #0 and #1.
Also recommended: trade xpert for metatrader 5 - similar expert with strong performance on MetaTrader 5.
when a trading signal is activated, the ea sets a pending stop order with thelots
volume at the "
indent from the price
" distance from the current price. if
stop loss
is not equal to zero, it is set immediately.
what to do with pending orders that were not triggered? if the current price moves from a pending order at 1.5 * "
indent from the price
", it is removed.
after a pending order is activated, a trailing may be applied to a position (unless
trailing stop
is equal to zero).
sample test on eurusd, m30:
You may also like: exp fractal rs i - 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.