Rollback system
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. 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 Rollback system
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
Defining the channel width (
Channel Open Close
) for a previous day. If the channel width is sufficient, then the amount of roll-back is determined (
Rollback
AND
Channel Rollback
). Drawing objects.
The EA works on PERIOD_H1 timeframe - this parameter is registered within the code and is not included into the inputs. Disabled work on Monday abd Friday. If there are no positions, and the last known time of the trading server is from 00:00 to 00:03 - then you can check the channel and the roll-back.
The channel width is calculated as a difference between Open of bar #24 and Close of bar #1.
If the position opening condition is met, the channel is displayed as the object:
