starter
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 starter
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 operation of the Expert Advisor requires the use of the indicator.
How It Works
Laguerre is equal to 0, is moving upward, is below the level - a buy signal. Laguerre is equal to 1, МА is moving downward, CCI is above the level - a sell signal.
The lot size for positions to be opened can be fixed or proportional to free margin. In case of losing trades the position volume can be reduced.
A position is closed when Laguerre goes in the opposite direction. A buy position closes at a value greater than 0.9 and a sell position closes at a value less than 0.1.
A Stop Loss and Take Profit can be set for an opening position. Instead of real Stop Loss and Take Profit, positions can be closed upon reaching a set loss or profit.
The image below shows the performance of the Expert Advisor in the strategy tester's visual mode.
Parameters
Lots - Lot; if the value is 0, MaximumRisk value is used.
MaximumRisk - Risk (it is used if Lots=0).
DecreaseFactor - Lot reduction factor after losing trades. 0 - reduction disabled. The smaller the value, the greater the reduction. Where it is impossible to reduce the lot size, the minimum lot position is opened.
StopLoss - Stop Loss in points; 0 - no Stop Loss.
TakeProfit - Take Profit in points; 0 - no Take Profit.
VirtualSLTP - Stop Loss and Take Profit are not set. Instead, a position is closed upon reaching loss or profit as specified in the StopLoss and TakeProfit parameters.
LagGamma - Laguerre indicator parameter.
CCIPeriod - CCI period.
CCIPrice - CCI price.
CCILevel - CCI level.
MAPeriod - MA period.
MAShift - MA shift.
MAMethod - MA method.
MAPrice - MA price.
Shift - The bar on which the indicator values are checked: 0 - new forming bar, 1 - first completed bar.
