vlado
Info
The vlado is a Expert Advisor for MetaTrader 5 that the ea applies custom indicator, which allows correct display of wpr levels (value level #1 and wpr: value level #2) during a visual testthe ea only operates when a new bar appears. the ea opens only one position at a time, therefore it is able to work both on hedging and netting accounts.
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 vlado
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 ea applies custom indicator, which allows correct display of wpr levels (value level #1 and wpr: value level #2) during a visual testthe ea only operates when a new bar appears.
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: exp karacatica - another powerful expert for MetaTrader 5 traders.
the ea applies custom indicator, which allows correct display of wpr levels (value level #1 and wpr: value level #2) during a visual test
Also recommended: Indicator Parameters Usage Example - similar expert with strong performance on MetaTrader 5.
the ea only operates when a new bar appears. the ea opens only one position at a time, therefore it is able to work both on hedging and netting accounts. buy trading signals are formed when the indicator on thebar current
bar is below the
wpr: value level #2
level; sell signals when the indicator on the
bar current
bar is above the
wpr: value level #1
level.
buy open signal is also sell close one and vice versa.
You may also like: exp rv i diff - excellent alternative for expert users on MetaTrader 5.
Source Code
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⚠ 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.