statistics
Info
The statistics is a Expert Advisor for MetaTrader 5 that analyzes bars whose opening time (hour and minute) is equal to the current bar opening time. lit increase, if the previous trade was closed with a loss.
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 statistics
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
analyzes bars whose opening time (hour and minute) is equal to the current bar opening time.
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: exp fine tuning ma - another powerful expert for MetaTrader 5 traders.
analyzes bars whose opening time (hour and minute) is equal to the current bar opening time. lit increase, if the previous trade was closed with a loss. closing (forced) on a new bar.
Also recommended: Color3rdGenXMA Expert Advisor - similar expert with strong performance on MetaTrader 5.
lot increased in ontradetransaction — the ea catches deals with the "market exit type". if the deal is profitable, the initial lot value is used (the "lots
" parameter). if the deal is losing, the lot is increased.
stop loss. ontradetransaction.
inputs:
min candle height ("0" -> the parameter is disabled)
lots
stop loss (in pips)
days of history
the ea searches for "
days of history
" number of days. if the size of the found bullish bars exceeds the size of the found bearish bars, we open a buy position. if opposite, open sell.
You may also like: Trade Signals Based on Bullish/Bearish Harami Candlestick Patterns Confirmed by MFI Indicator using MQL5 Wizard - excellent alternative for expert users on MetaTrader 5.
Source Code
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⚠ 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.