sv
Info
The sv is a Expert Advisor for MetaTrader 5 that the expert advisor opens no more than one position per day. conditions for opening a position are checked at the specified time.
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 sv
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 expert advisor opens no more than one position per day.
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: Trade Adjustment Panel for MT5 - another powerful expert for MetaTrader 5 traders.
the expert advisor opens no more than one position per day. conditions for opening a position are checked at the specified time. the ea searches for the highest
Also recommended: Quantora Trade Manager MT5: Advanced Position Management - similar expert with strong performance on MetaTrader 5.
high priceand the lowest
low price
in the
analyzed interval
. the ea takes into account
shift
of the interval from the current moment.
additional conditions: analysis of the position of the found prices (
highest price
and
lowest price
) relative to two moving averages: "fast" and "slow".
recommendations for optimization
use only the following parameters during the initial optimization:
start hour
,
shift
and
analyzed interval
.
input parameters
use manual setting ("true" -> "lots", "false" -> "risk")
- enable/disable manual lot setting;
lots
- manually set lot;
stop loss (in pips)
- stop loss value
take profit (in pips)
- take profit value
trailing stop (in pips)
- trailing value
trailing step (in pips)
- trailing step value
risk in percent for a deal from a free margin
- risk per trade (if
use manual setting
== false);
start hour
- trading start hour;
start minute
- trading start minute;
shift
- shift for the analyzed interval;
analyzed interval
- the width of the analyzed interval;
parameters of the "fast" moving average:
ma fast: averaging period;
ma fast: horizontal shift;
ma fast: smoothing type;
ma fast: type of price.
parameters of the "slow" moving average:
ma slow: averaging period;
ma slow: horizontal shift;
ma slow: smoothing type;
ma slow: type of price.
magic number
- expert advisor's unique identifier.
testing on usdjpy, h1:
You may also like: Quantora Break Even Manager MT5 - Automated Stop Loss Protection - 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.