Smart Averager - Hello Smart Expert Advisor
Info
The Smart Averager - Hello Smart Expert Advisor is a Expert Advisor for MetaTrader 5 that the hello smart expert advisor is designed to average losing positions. It allows you to select the trading direction (buy or sell) in the settings.
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 Smart Averager - Hello Smart Expert Advisor
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 Hello Smart Expert Advisor is designed to average losing positions.
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: Smart Money Concept Expert Advisor: Market Structure, FVG, and Pullback Trading - another powerful expert for MetaTrader 5 traders.
The Hello Smart Expert Advisor is designed to average losing positions. It allows you to select the trading direction (buy or sell) in the settings. When the price moves in an unfavorable direction, the EA opens an averaging order with a fixed volume at a specified distance (step) in points. As the EA accumulates positions, the initial lot size increases by a coefficient (mnogitel). The position is closed when a certain profit or loss is reached in the deposit currency.Also recommended: SMC Gold EA: Smart Money Concepts for XAUUSD M15 with Liquidity Sweep and Order Blocks - similar expert with strong performance on MetaTrader 5.
All operations are performed based on candle open prices.
Optimization and Trading Results:
- Interval: 11.01.2022 to 12.09.2026
- Currency Pair: EURUSD
- Timeframes: H1 and H4
Fig.1: Trading and optimization results for H1
Fig.2: Trading and optimization results for H4
Tips:
- Use as a trading assistant.
- Develop your own strategies based on the EA's logic.
You may also like: Smart Loss Exit: Proactive Exit for Losing Trades - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#include <trade\trade.mqh>
#include <trade\positioninfo.mqh>
ctrade trade;
cpositioninfo pos;
input int buysell = 2; // 1-only buy 2-only sell
input int step = 1000; // step
input double lot = 0.1; // volume.......
⚠ 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.