De Marker Pending
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 De Marker Pending
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
Working on the 'DeMarker' indicator using pending orders ('Limit' of 'Stop'). The signal is checked only when a new bar is born.
You can enable/disable '
Stop Loss
', '
Take Profit
', '
Trailing
'. The '
Trailing activate if profit is >=
' parameter has been added to Trailing - this is an analogue of breakeven: as soon as the position reaches the specified level (in Points), the classic Trailing is activated.
A pending order is placed at a distance of '
Pending: Indent
' from the current price. If the current spread is greater than the specified one ('
Pending: Maximum spread ('0' -> OFF)
' - the signal is removed and a pending order is not placed. All positions will be closed and all pending orders will be deleted if the target profit (in money) '
Target Profit, in money ('0' -> OFF)
' is reached.
Pic.1. DeMarker Pending
