Universum 3. 0
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. 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 Universum 3. 0
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
Increasing the lot after a losing trade. OnTradeTransaction. Entry signals are based on the DeMarker indicator.
Expert Advisor Input Parameters
p — period for the DeMarker oscillator Optimized with the values from 3 to 100 with step of 1.
tp — take profit in pips. Optimized with the values from 10 to 100 with step of 1.
sl — stop loss in pips. Optimized with the values from 10 to 100 with step of 1.
lots — lot size of the first order and all orders opened after a losing trade. The parameter is not optimized.
mn — magic number. The parameter is not optimized.
losseslimit — limit the number of losing trades in a row. The parameter is not optimized. In case the number of losses reaches a limit, the EA stops opening new trades and sends a message e-mail.
Lot increase ratio is calculated by the formula:
double k=(ExtTakeProfit+ExtStopLoss)/(ExtTakeProfit-spread);
The EA works only at newly formed bars and opening prices. There is no need to optimize it using Every tick mode.
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