Trade Pad Sample
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 Trade Pad Sample
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
Here are some examples of objects implementation to build a table of trade symbols. By pressing the symbol on graphic object Chart (OBJ_CHART) the price data of this symbol are loaded. Each symbol panel has color that shows the current trend of the timeframe specified. The colors are:
Red color - downtrend (value of Stohastic > 80);
Green color - uptrend (value of Stohastic < 20);
Grey color - flat (the value of Stohastic between 20 and 80);
Sand color - the price data on the symbol are absent.
The trading functions for the buttons Buy and Sell is not implemented, you can do it yourself as you need. The function for trend determination GetColorOfSymbol () also can be rewritten as you like. The code was written long ago, and quite possibly not optimized (especially for access to the indicator and price data). All the classes used are included, put them in the same folder with TradePad_Sample.mq5 expert.
