Send Close
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. 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 Send Close
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 Expert Advisor opens or closes positions at the intersection of lines.
The EA draws 4 lines: "LINE BUY", "LINE SELL" and two "CLOSE" lines.
Your task is to move the lines to positions where you intend to perform a specific action to a position. I.e. Вuy, Sell, Close.
Positions are opened or closed when the Ask is above the corresponding line and Bid is below. I.e. when the price crosses one of the four lines.
The figure shows an example of trading.
The number of lines can be reduced using the variables:
DRAW_SELL
— draw the Sell line
DRAW_BUY
— draw the Buy line
DRAW_CLOSE1
— draw the Close1 line
DRAW_CLOSE2
— draw the Close2 line
Additional external variables
lot
— lot size and
order
— maximum number of orders. CLOSE lines can be used as a trailing stop when placed at a certain angle.
