VR---ZV E R
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---ZV 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 EA uses three iMAs (Moving Average, MA), one iStochastic (Stochastic Oscillator) and one iRSI (RSI, Relative Strength Index). Positions are opened by market, as well as Buy Stop and Sell Stop pending orders are placed.
Input Parameters
Main Settings
- main trading settings:
Lots (if <="0.0" -> use "Risk")
- position volume; if the value is less than or equal to zero, lot will be calculated using the "Risk" parameter;
Stop Loss (use only > 0)(in pips)
- stop loss value;
Take Profit (use only > 0) (in pips)
- take profit value;
Risk in percent for a deal
- risk value;
Lock
- locking a trade;
Building of a position
- increasing position volume;
Lot factor for pending orders
- lot multiplier for pending orders;
Breakeven (in pips)
- breakeven level.
MA fast
- "fast" Moving Average parameters:
Use MA fast;
MA fast: averaging period;
MA fast: horizontal shift;
MA fast: smoothing type;
MA fast: type of price.
MA slow
- "slow" Moving Average parameters:
MA slow: averaging period;
MA slow: horizontal shift;
MA fast: smoothing type;
MA fast: type of price.
MA very slow
- "very slow" Moving Average parameters:
MA very slow: averaging period;
MA very slow: horizontal shift;
MA very slow: smoothing type;
MA very slow: type of price.
Stochastic Oscillator
parameters:
Use Stochastic Oscillator;
Stochastic: K-period (number of bars for calculations);
Stochastic: D-period (period of first smoothing);
Stochastic: final smoothing;
Stochastic: UP level;
Stochastic: DOWN level.
Relative Strength Index indicator
parameters:
Use RSI;
RSI: averaging period;
RSI: UP level;
RSI: DOWN level;
magic number.
Default settings, tested on H1:
