TS T
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 TS T
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
Idea by
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MQL5 code by
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The EA does not use any indicators - only the current price and the OHLC of zero bar (the rightmost bar in the chart).
Working algorithm: As soon as the price rolls down from the High at the
Rollback rate
distance and we are within the new bar - it is a signal to open a BUY position; if the price moves above the Low at the
Rollback rate
distance and we are within the new bar - it is a signal to open a SELL position.
In the parameters, you can enable trailing and reversing signals for opening positions.
Inputs
Lots
- position volume;
Stop Loss
- Stop Loss;
Take Profit
- Take Profit;
Trailing Stop
- trailing;
Trailing Step
- trailing step;
Timeframe
- timeframe, from which OHLC and bar opening time are taken;
Rollback rate
- rollback from the price;
Reverse signal
- reverse flag of signals for opening positions;
magic number
- unique identifier for the EA.
Test results (parameter "Balance max") for all symbols on D1 in the "Every tick based on real ticks" from 2018.01.01 to 2018.05.10:
