umnick trader
Info
The umnick trader is a Expert Advisor for MetaTrader 5 that an mql5 implementation of the adaptive expert advisor. general theory of trading (gtt): in order to make profit, trade your own function synchronized with the market.
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 umnick trader
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
an mql5 implementation of the adaptive expert advisor.
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: Professional Automatic Trailing Stop Utility for MetaTrader 5 - another powerful expert for MetaTrader 5 traders.
Also recommended: Professional Margin Requirement Calculator for MetaTrader 5 - similar expert with strong performance on MetaTrader 5.
an mql5 implementation of the adaptive expert advisor.general theory of trading (gtt): in order to make profit, trade your own function synchronized with the market.
the attached expert advisor features the simplest principles of gtt and of adjustment to the market. the digital brain (db) technology was used in the creation of adaptive algorithms. the components of the db technology are protected with two patents issued in the russian federation: no 2257611 and no 2295763.
the ea has one optimizable parameter: stopbase.
all positions are opened by market. positions are only closed by limit and stop orders.
testing results on eurusd, m30, from 2017.06.09 to 2018.02.10:
You may also like: KCI N-Matrix Engine: Advanced Trading Framework for MetaTrader 5 - 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.