two per bar
Info
The two per bar is a Expert Advisor for MetaTrader 5 that the expert advisor is designed to work only on hedge accounts: it opens buy and sell positions at once. inputs:lots - position volume if there are no open positions at the momentlots coefficient - position increase ratio if there are open positions at the momentlots max - maximum volume limitationtake profit (in points) - take profit set in pointsmagic number - unique ea identifierexample of "points":when a new bar appears, the ea closes positions and opens buy and sell ones simultaneously.
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 two per bar
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
the expert advisor is designed to work only on hedge accounts: it opens buy and sell positions at once.
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: Trade Adjustment Panel for MT5 - another powerful expert for MetaTrader 5 traders.
the expert advisor is designed to work only on hedge accounts: it opens buy and sell positions at once.
Also recommended: Quantora Trade Manager MT5: Advanced Position Management - similar expert with strong performance on MetaTrader 5.
inputs:lots - position volume if there are no open positions at the moment
lots coefficient - position increase ratio if there are open positions at the moment
lots max - maximum volume limitation
take profit (in points) - take profit set in points
magic number - unique ea identifier
example of "points":
when a new bar appears, the ea closes positions and opens buy and sell ones simultaneously. the expectation is that within the bar, one of the positions will close by take profit and the trend will reverse a little.
You may also like: Quantora Break Even Manager MT5 - Automated Stop Loss Protection - excellent alternative for expert users on MetaTrader 5.
Source Code
/.......
⚠ 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.