SV
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 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.
Description & Settings
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
high price
and 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:
