VR Overturn
This is a powerful addition to your MetaTrader 5 toolkit designed to optimize market analysis and performance. 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 VR Overturn
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
Many Expert Advisor have been created based on the idea of the martingale.
This Expert Advisor allows testing classical martingale operating principles, as well as the anti-martingale technique.
The Expert Advisor code is simple and well-commented.
Trading principle with Martingale
If closed by Take Profit → open the starting lot in the same direction;
If closed by Stop Loss → open the increased lot in the opposite direction. Trading principle with Anti-Martingale
If closed by Take Profit, open the increased lot in the same direction;
If closed by Stop Loss, open the starting lot in the opposite direction. The idea of the Martingale system
Trading starts with a preset minimum lot.
If a trade is closed with a stop loss, further lot should be increased so that if a trade is closed with take profit, it would cover all previous stop losses in this series with a small additional profit. For example: 0,01-0,02-0,04-0,08-0,016-0,032-0,064 etc.
If the sequence is observed, the profit can be equal to the profit of a trade with the minimum lot.
If a trade is closed with take profit, the trader restarts with the minimum lot.
The martingale system does not provide a trader with advantage, but only allows re-distributing the profit. The trader rarely fixes loss, but it can be large. Profit is taken often, but it is small.
The idea of the Anti-Martingale system
Unlike the martingale system, in which lot is increased in case of stop loss, the opposite idea is used in the anti-martingale system: lot is increased in case of profit.
Trading begins with a minimum lot. If a trade is close with profit, the next trade lot is increased two or more times. In case of stop loss, the trader should return to the starting lot.
When trading based on the anti-martingale system, you should clearly define lot increase limits, after which you should return to the initial lot. For example you can set a maximum of three lot increases in a row: 0.01, 0.02, 0.05.
Input Parameters
start position: Buy or Sell
- the direction of the first position;
type of trade: Martingale or AntiMartingale
- trading type;
set the base lot
- initial position volume;
set the value of stop loss
;
set the value of TakeProfit
;
set the value of the multiplier lots
- position volume multiplier;
set the value MagicNumber
- Expert Advisor ID;
all magic; true → all MagicNumber
- enable/disable management of other magic numbers.
Be careful when using this Expert Advisor. Here is a typical development of situation:
and an unexpected fiasco:
