Very Blonde System
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 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.
Description & Settings
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
