The smart averager - Hello Smart
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 The smart averager - Hello Smart
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
Hello Smart
Expert Advisor averages losing positions. The
BuySell
trading direction is selected in the settings. Then, if the price goes in unfavorable direction, the EA opens an averaging order with a fixed volume of
Lot
at the
Step
distance specified in points. Once the EA accumulates positions of
BigLot
volume, the initial lot size increases by the
Mnogitel
coefficient. The position is closed upon reaching the
Profit
or
Loss
in the deposit currency. All EA operations are performed on the candle open prices.
The EA has been optimized at the interval from 11.01.2013 to 12.09.2016 for the EURUSD currency pair, H1 and Н4 periods.
Settings:
Fig1. Results of the EA trading and optimization from 11.01.2013 to 12.09.2016. EURUSD, H1
Fig.2. Results of the EA trading and optimization from 11.01.2013 to 12.09.2016. EURUSD, H4
Tips:
Recommended for use as a trading assistant and for developing your own strategies.
