sv
Info
The sv is a Expert Advisor for MetaTrader 5 that the expert advisor is designed to open a maximum of one position per day, with conditions for opening a position checked at a specified time. Key features:- The EA identifies the highest high price and the lowest low price within an analyzed interval, considering a shift from the current moment.
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 is designed to open a maximum of one position per day, with conditions for opening a position checked at a specified 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: Awesome Oscillator Pullback EA for EURUSD: +209% in 2026 Backtest - another powerful expert for MetaTrader 5 traders.
The expert advisor is designed to open a maximum of one position per day, with conditions for opening a position checked at a specified time.Also recommended: Change Point: Bayesian Online Change Point Detection - similar expert with strong performance on MetaTrader 5.
Key features:
- The EA identifies the highest high price and the lowest low price within an analyzed interval, considering a shift from the current moment.
- Additional conditions include analyzing the position of the found prices relative to two moving averages: 'fast' and 'slow'.
Optimization recommendations:
- During initial optimization, focus on the following parameters: start hour, shift, and analyzed interval.
Input parameters:
- Use manual setting (true for lots, false for 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 is false)
- Start hour: trading start hour
- Start minute: trading start minute
- Shift: shift for the analyzed interval
- Analyzed interval: width of the analyzed interval
Moving Average Parameters:
- Fast MA: averaging period, horizontal shift, smoothing type, and price type
- Slow MA: averaging period, horizontal shift, smoothing type, and price type
- Magic number: expert advisor's unique identifier.
Testing: USDJPY, H1.
You may also like: Canvas Tabs: A Lightweight Tab Bar for MQL5 using C Canvas - 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.