Indices Tester
What this tool does
The Indices Tester is a Expert Advisor for MetaTrader 5 that the ea only trades buy positions and does not use sl and tp. Settings:"---------- General ----------" Commentary Start trade End trade Prder is closed "---------- Risk and money management ----------" Lots Limit of open positions for each symbol Daily limit for the number of deals for each symbol Test was performed with standard settings.
Typical Use Case
This tool is typically used for automated trading on major forex pairs and gold.
Compatible Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup Location
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Indices Tester
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 only trades buy positions and does not use Sl and TP.
Settings:
"---------- General ----------"
Commentary
Start trade
End trade
Prder is closed
"---------- Risk and money management ----------"
Lots
Limit of open positions for each symbol
Daily limit for the number of deals for each symbol
Test was performed with standard settings. Account 10 000 dollars and with a leverage of 100. symbol US30.
