Exp Adaptive Renko MM Rec Duplex
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. 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 Exp Adaptive Renko MM Rec Duplex
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
Two identical trading systems (for long and short deals) based on the indicator signals that can be configured in different ways within a single EA with an ability to change the volume of a forthcoming trade depending on the results of the previous trades for this trading system This EA is the further development of trading system , aimed at resizing the positions opened.
For this purpose, the blocks of the EA's inputs have been added:
and
In case of such inputs and when selecting from the last five trades, three of which are loss-making in a single direction, the EA opens the next trade in the same direction having the volume of 0.01 lot. If there are less than three loss-making trades out of the last five ones, the position volume is 0.1.
For the EA to operate, the compiled files of indicator
AdaptiveRenko.ex5
should be in
<terminal_data_directory>\MQL5\Indicators
.
Default Expert Advisor's input parameters have been used during the tests shown below. Stop Loss and Take Profit have not been used during the tests.
Fig. 1. Sample deals on the chart with symmetrical settings.
Testing results for USDJPY H4 over the year 2017:
Fig. 2. Testing results chart.
