Universal Investor Expert Advisor
Info
The Universal Investor Expert Advisor is a Expert Advisor for MetaTrader 5 that this expert advisor (ea) is designed to optimize trading strategies using exponential (ema) and linear weighted (lwma) moving averages. How it WorksThe EA opens a buy position when the EMA is above the LWMA and both moving averages are trending upward.
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 Universal Investor Expert Advisor
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
This Expert Advisor (EA) is designed to optimize trading strategies using exponential (EMA) and linear weighted (LWMA) moving averages.
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: universal breakout study expert advisor for mt4/mt5 - another powerful expert for MetaTrader 5 traders.
This Expert Advisor (EA) is designed to optimize trading strategies using exponential (EMA) and linear weighted (LWMA) moving averages.Also recommended: universal trailing stop - similar expert with strong performance on MetaTrader 5.
How it Works
The EA opens a buy position when the EMA is above the LWMA and both moving averages are trending upward. Conversely, it opens a sell position when the EMA is below the LWMA and both are trending downward.
Position management is dynamic. A buy position is closed when the EMA crosses below the LWMA, and a sell position is closed when the EMA crosses above the LWMA.
Lot size for new positions can be fixed or proportional to the free margin. Additionally, the EA features a risk management mechanism that reduces the lot size after consecutive losing trades, with the reduction factor controlled by the 'decreasefactor' parameter.
Parameters
- MovingPeriod: The smoothing period for the moving averages.
- MaximumRisk: The risk level when using margin-based lot sizing.
- Lots: Fixed lot size for new positions. Set to 0 for margin-based lot sizing.
- DecreaseFactor: The factor by which the lot size is reduced after losing trades. A value of 0 disables this feature.
You may also like: up3x1 investor - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property version "1.00"
#include <trade/trade.mqh>
#include <trade/symbolinfo.mqh>
#include <trade/dealinfo.mqh>
#include <trade/positioninfo.mqh>
ctrade trade;
cdealinfo deal;.......
⚠ 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.