VL T TRA D E R
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. 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 VL T TRA D E R
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 trading system is based on volatility compression. An entry signal is generated when the market forms a smallest candlestick over a certain number of bars.
Entry Signal Generation Rules
- When a new candlestick emerges, "
Count candles
" bars are counted starting with the last one, and the lowest candlestick size (High - Low) is determined.
- If the first bar is the smallest one, the following orders are placed:
a pending BuyStop order: Bar 1 High price + 10 points
a pending SellStop order: Bar 1 Low price + 10 points
Before placing a pending BuyStop order, older BuyStop orders are deleted. The same is done for SellStop orders.
