Sprut
This tool for MetaTrader 5 is specifically engineered to streamline your trading operations. 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 Sprut
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
ATTENTION: By default, grid trading is completely FORBIDDEN, i.e.
Use buy stop
,
Use buy limit
,
Use sell stop
and
Use sell limit
parameters are set to "false". First, you need to select your type of grid (type of pending orders) and select the best parameters: step, volume, etc.
The EA places a grid consisting of pending Stop and Limit orders.
Grid features
: the first pending grid order can be placed at the
First
xxxx price or at a certain
DeltaFirst
xxxx distance from the current price. If
First
xxxx exceeds zero, the
DeltaFirst
xxxx parameter is not considered, and vice versa, when
First
xxxx is equal to zero, the
DeltaFirst
xxxx parameter is activated.
You can:
enable/disable pending order types: Buy stop (
Use buy stop
), Buy limit (
Use buy limit
), Sell stop (
Use sell stop
) and Sell limit (
Use sell limit
).
set a separate step for pending Stop and Limit orders (
Step stop
and
Step limit
)
different volume for the first pending Stop and Limit order (
Volume stop
and
Volume
limit
)
equal volume ratio for pending Stop and Limit orders (
Coefficient stop
and
Coefficient limit
)
disable stop loss (
Stop Loss
) and take profit (
Take Profit
) - to do this, set the parameter to "0.0"
Stop loss (
Stop Loss
) and take profit (
Take Profit
) can be disabled. To do this, simply set the parameters to "0.0".
The lifetime of a pending order in minutes (
Expiration
) - if "0", it is not considered.
Closing all open positions and deleting pending orders are possible in two cases:
a profit reaches
Profit Close
a loss reaches or exceeds
Loss Close
