Surefirething
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. 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 Surefirething
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
Idea by
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MQL5 code by
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The EA places pending Buy Limit and Sell Limit orders. The conditions for placing pending orders are checked when a new bar appears, while the possibility to trail the positions is checked on each tick. As soon as any pending order triggers (this event is monitored in ), the remaining pending orders will be removed. Every day, at 23:50, all pending orders are removed and all positions are closed, as well.
Inputs
Lots
- volume of the pending order;
Stop Loss (in pips)
- Stop Loss ("0" means disabling the setting);
Take Profit (in pips)
- Take Profit ("0" means disabling the setting);
railing Stop (in pips)
- trailing ("0" means disabling the setting);
Trailing Step (in pips)
- trailing step;
magic number
- unique identifier for the EA.
Testing for all symbols on D1 from 2018.01.01 to 2018.05.08:
