up3x1
This tool for MetaTrader 5 is specifically engineered to streamline your trading operations. 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 up3x1
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
Three are used. When the fast MA crosses the middle MA, while the middle MA and the fast MA are below the slow MA, a buy position opens. It is quite the opposite for a sell position - the fast MA crosses the middle MA downward, while the middle MA and the fast MA are above the slow MA.
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. A trailing stop can be set for an open position.
The image below shows the performance of the Expert Advisor in the strategy tester's visual mode.
Parameters
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.
TakeProfit - Take Profit in points.
StopLoss - Stop Loss in points.
TrailingStop - Trailing Stop in points. If the value is 0, the Trailing stop function is disabled.
FastPeriod - Fast MA period.
FastShift - Fast MA shift.
MiddlePeriod - Middle MA period.
MiddleShift - Middle MA shift.
SlowPeriod - Slow MA period.
SlowShift - Slow MA shift
Note
