Universal Investor
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. 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 Universal Investor
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
How It Works
The operation of the Expert Advisor is based on exponential (EMA) and linear weighted (LWMA) . A buy position opens when EMA is above LWMA, while both MA's are going upward. A sell position opens when EMA is below LWMA, while both MA's are going downward.
When EMA gets lower than LWMA, a buy position is closed. When EMA gets higher than LWMA, a sell position is closed.
The lot size for positions to be opened can be fixed or proportional to free margin. There is an additional function to reduce the lot size at losses - the more consecutive losing trades, the smaller the lot size.
The image below shows the performance of the Expert Advisor in the strategy tester's visual mode.
Parameters
MovingPeriod - Smoothing period.
MaximumRisk - Risk (it is used if Lots=0).
Lots - Lot.
DecreaseFactor - Lot reduction factor after losing trades. 0 - reduction disabled. The smaller the value, the greater the reduction. Where it is impossible to reduce the lot size, the minimum lot position is opened.
