VR---SE T K A---3
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 VR---SE T K A---3
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 EA is based on three components:
1 — Good entry. I went through more than a dozen trade tactics to find the one to have at least 8 successful entries against 2 unsuccessful ones.
2 — Hold a position until a planned profit is received.
3 — Positive exit by profit and leading 2 statistical loss-making trades to zero. The EA also features Plus parameter adding several points of profit above zero.
1 - Good entry
We often come across financial news stating that the price increased by 2%, 1% etc. I have thoroughly studied the statistics on the market overbought/oversold trading tactics. We have the day's High and Low and the currency price of 1.23000. In order to enter a trade, the EA needs rise or fall set by Percent parameter. By default, the parameter is set to 1.3 which means the EA is to sell when reaching 1.2423.
Thus, we have the following parameters: day's Low 1.23000, current price 1.25000, sell threshold — Percent 1.3 %. The equation looks as follows: (((current price 1.25000*100 )/Day's Low 1.23000)-100)>=Percent 1.3 %
The buy signal has the opposite equation. Thus, we take a roll-back from the strong movement.
Most of other tactics do not fall within the 8/2 ratio.
2 - Hold a position until a planned profit is received.
If the price moves in favorable direction after opening the first order, the EA waits for a take profit to trigger. If a lot is calculated from the deposit (Lots = 0, while Percent => 1), the lot of each new trade exceeds the previous one in case of a positive result. In order to calculate a lot as a percentage from free funds, we used the code from the . The code was changed to allow setting a decimal value of the percentage (1.1% 1.8% 35.69%)
3 - Positive exit by profit and leading 2 statistical loss-making trades to zero
The averaging method (adding the same position with the same volume to the current one) is used to exit a losing trade. In other words, if the price moves against a position, the EA opens a new trade of the same type expecting the price to roll-back to the level where the result is 0. Without a martingale, the EA needs a roll-back of 50-52% to reach a zero level depending on spread and commission.
The chart with a fixed trading volume:
With a martingale, the EA only needs a 20-22% roll-back to close an order series (averaging with martingale — adding the same position with an increased volume to the current one). This method is considered high-risk since you need a considerable amount of funds on your deposit in case the price moves 300-400 points.
Chart with martingale (the volumes vary depending on the number of open positions).
The Distanciya parameter is used for averaging when setting an opening of the next additional order, while the ShagDist parameter is used to increase the distance by the specified number of points per each new order.
The EA features the parameter for changing the averaging method:
Standard Martin=False
Using martingale Martin=True
Slip=2 (slippage in points)
Magic=1 (EA magic number).
Thus, we have the following chart when optimizing by Open prices
Below are the test results in "Every tick" mode on EURUSD M30 from 2016.01.01 to 2016.11.12:
