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tunnel gen4
Info
The tunnel gen4 is a Expert Advisor for MetaTrader 5 that idea by:code mq5 by: the ea works on hedge accounts only. it works on each tick.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
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 tunnel gen4
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
idea by:code mq5 by: the ea works on hedge accounts only.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis 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: tunnel method - another powerful expert for MetaTrader 5 traders.
idea by:
code mq5 by:
the ea works on hedge accounts only!
it works on each tick.
the ea works in a cyclic manner: the initial reference point is no open positions on the market. trading starts with simultaneously opening opposite positions: buy and sell with the initial lot size of
Also recommended: copy tick and history from mt4 to mt5 real time - similar expert with strong performance on MetaTrader 5.
start lots. at the next step (as soon as the price passes the
step
), we will open a double-lot-size position:
if the price has passed the step upwards, we will open sell
if the price has passed the step downwards, we will open buy
if the price passes one more step, we will close everything and get a profit or loss, depending on where the price has gone:
this trading system is based on the assumption that the price would rather return than continue its trend.
You may also like: exp amstell-sl - excellent alternative for expert users on MetaTrader 5.
Source Code
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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.