Trend Capture
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 Trend Capture
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
How It Works
The direction for an entry is determined by the indicator, provided that is lower than the level specified. If the last trade was winning, a position can be opened in the direction of the last winning trade. If the last trade was losing, a position can be opened only in the direction opposite to that of the last trade.The image shows the performance of the Expert Advisor in the strategy tester's visual mode.
Parameters
Lots - Lot.
MaximumRisk - Risk (it is used if Lots=0).
StopLoss - Stop Loss in points.
TakeProfit - Take Profit in points.
SARStep - SAR step.
SARMax - maximum SAR step.
ADXPeriod - ADX period.
ADXLevel - ADX level.
Shift - The bar on which the indicator values are checked.
BreakEven - Profit level of a position expressed in points in order to move the Stop Loss to the breakeven level. If the value is 0, the function is disabled.
