How do I install this Expert on MetaTrader 5?

Download the file, open MetaTrader 5 -> File -> Open Data Folder, copy the file to the correct folder (Experts / Indicators / Scripts / Libraries), then restart the terminal.

How do I activate / load this Expert?

Drag the Expert Advisor from the Navigator panel onto a chart, enable AutoTrading, and allow live trading in the settings.

Is this compatible with MetaTrader 5?

Yes, this Expert is built specifically for MetaTrader 5.

Is this Expert safe to use with real money?

All tools are provided for educational and testing purposes. We strongly recommend testing on a demo account first. Trading involves significant risk of loss.

Can I use this Expert on multiple charts?

Yes, but each chart can only run one Expert Advisor at a time. You can run multiple EAs on different charts.

Can I customize the settings of this Expert?

Yes. Right-click on the chart and select properties to open and adjust parameters.

Free Trend Capture Expert Advisor Expert for MetaTrader 5

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Trend Capture Expert Advisor

Info

The Trend Capture Expert Advisor is a Expert Advisor for MetaTrader 5 that this expert advisor (ea) utilizes a trend-following strategy, capturing market trends for profitable trades. How it WorksThe EA's entry direction is guided by an indicator, with the condition that the indicator value is lower than a specified level.

Usage

This tool is typically used for trend following strategies across multiple currency pairs.

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 Trend Capture Expert Advisor

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

This Expert Advisor (EA) utilizes a trend-following strategy, capturing market trends for profitable trades.

Typical Use Case

This Expert Advisor excels in trend following 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: Steep MA Trend EA - another powerful expert for MetaTrader 5 traders.

This Expert Advisor (EA) utilizes a trend-following strategy, capturing market trends for profitable trades.

How it Works

Also recommended: Super Trend Trading EA - similar expert with strong performance on MetaTrader 5.

The EA's entry direction is guided by an indicator, with the condition that the indicator value is lower than a specified level. The EA's decision-making process is as follows:

- If the last trade was profitable, the EA opens a position in the same direction as the winning trade.

- If the last trade resulted in a loss, the EA opens a position in the opposite direction to the losing trade.

The provided image illustrates the EA's performance in the Strategy Tester's visual mode.

Parameters

- Lots: Specify the lot size for trades.

- MaximumRisk: Define the risk level when 'Lots' is set to 0.

- StopLoss: Set the stop loss in points.

- TakeProfit: Determine the take profit in points.

- SARStep: Set the step for the Parabolic SAR indicator.

- SARMax: Specify the maximum step for the Parabolic SAR.

- ADXPeriod: Define the period for the ADX indicator.

- ADXLevel: Set the level for the ADX indicator.

- Shift: Choose the bar for checking indicator values.

- Breakeven: Set the profit level in points to move the stop loss to breakeven. If set to 0, this function is disabled.

You may also like: adx trend pullback ea: trend strength and volatility-based trading - excellent alternative for expert users on MetaTrader 5.

Source Code

#property copyright "robotfx"
#property link "https://robotfx.org"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property version   "1.00"
#include <trade/trade.mqh>
#include <trade/symbolinfo.mqh>
#include <trade/dealinfo.mqh>
#include <trade/positioninfo.mqh>
ctrade trade;
cdealinfo deal;

.......

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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.