simple pending orders time
Info
The simple pending orders time is a Expert Advisor for MetaTrader 5 that the expert advisor was created to test the profitability of the described by one of the forum members. special attention.
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 simple pending orders time
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 expert advisor was created to test the profitability of the described by one of the forum members.
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: Simple EMA Cross Expert Advisor with Stop Loss, Take Profit, and Magic Number - another powerful expert for MetaTrader 5 traders.
Also recommended: simple moving average (ma) expert advisor - similar expert with strong performance on MetaTrader 5.
the expert advisor was created to test the profitability of the described by one of the forum members.special attention!!!
this expert advisor is not created to evaluate the quality of the code and programming style, but only to test the strategy!!!!
the essence of the algorithm of the expert advisor:
at 15:00 moscow time, automatically set pending orders buy stop and sell stop at a distance of 100 points (five digits) from the current price.
for each pending order stop loss levels of 200 pips (five digits) are set at once. takeprofit is not used.
when one of two pending orders triggers, the second pending order is not deleted yet.
if both pending orders have not triggered, the second pending order will be deleted at 16:00 moscow time. 00 min. moscow time they are deleted.
if one or two pending orders worked, the open or open orders will be deleted at 16:00 moscow time. 00 min. the open or open positions are closed regardless of their current profit or loss.
You may also like: simple expert advisor: combining sma and adx for effective trading - excellent alternative for expert users on MetaTrader 5.
Source Code
яю//+------------------------------------------------------------------+
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.00"
input ushort Trading_Start=15; //@5<O =0G0;0 B>@3>2;8
input ushort End_Of_Trade=16; //@5<O 7025@H5=8O B>@3>2;8
input ushort Indent=100; //BABC? >B;>65==KE >@45@>2 >B B5:CI59 F5=K
input ushort Stop_Loss=200; //!B>?-;>AA
input double Lots=0.1; //>B
input ushort Magic_Number=9462; //038G5A:89 =><5@ (;N1>5 G8A;> >B "1" 4> "65535").......
⚠ 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.