very blonde system
Info
The very blonde system is a Expert Advisor for MetaTrader 5 that the expert advisor opens a reverse position, additionally placing a grid of orders for reinforcement. analysis of price changes is performed on a certain number of bars.
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 very blonde system
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
the expert advisor opens a reverse position, additionally placing a grid of orders for reinforcement.
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: xander gold recovery: keltner channel and dual ema strategy - another powerful expert for MetaTrader 5 traders.
Also recommended: a code block to detect a "new candle/bar" using bars history (very effective way) - similar expert with strong performance on MetaTrader 5.
the expert advisor opens a reverse position, additionally placing a grid of orders for reinforcement. analysis of price changes is performed on a certain number of bars.this simple expert advisor waits for a strong price fluctuation of x pips in y bars ("
change in price
" field is the value of price change, "
countbars
" field is the number of bars; both parameters can be adjusted). after that it opens a reverse position with a grid of limit orders to reinforce it ("
grid
" field can be adjusted).
in reality, this is very risky, because you may endanger a large number of lots. therefore, you can enable the "
lockdown
" option, which closes your positions after reaching a certain number of pips (recommended 400 = 40 pips). however, it is not recommended to use this ea in real conditions — it simply gives you the idea of how much money you can risk.
the ea can be used on any chart and timeframe, but please optimize it first. the example here is for eurusd m1, but i am sure that you can obtain more relevant results on eurjpy.
enjoy.
david
You may also like: panel-joke or a game system - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.001"
#define mode_low 1
#define mode_high 2
#include <trade\positioninfo.mqh>
#include <trade\trade.mqh>
#include <trade\symbolinfo.mqh>
#include <trade\accountinfo.mqh>
#include <trade\dealinfo.mqh>.......
⚠ 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.