VR---STE A L S-2
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 VR---STE A L S-2
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 represents a stealth program, which manages the positions using labels.
The EA and this way of working are well proven when working with certain brokers.
The EA functionality includes:
Placing a virtual Take Profit
Placing a virtual Stop Loss
Placing breakeven
When orders are detected on the chart, the EA uses labels to draw the prices for closing by Take Profit, Stop Loss and the breakeven level.
The program is able to work with different magic numbers simultaneously. To do this, set the "Magic" parameter to "0".
Expert advisor parameters:
input ushort InpTakeProfit = 50; // TakeProfit (if 0, not used)input ushort InpStopLoss = 50; // StopLoss (if 0, not used)input ushort InpBreakeven = 20; // Breakeven (if 0, not used)input ushort InpBreakMinDis = 9; // Minimum profit when moving to breakeveninput ulong Magic = 0; // (if 0, all magics)input ulong InpSlip = 20; // Slippageinput int coment = 1; // The number of comment lines. If 0, comments are not displayed
Labels:
Green label — breakeven level
Red label — Stop Loss level
Blue label — Take Profit level
Example of the EA operation:
