Dynamic averaging
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 Dynamic averaging
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
Idea by
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The Expert Advisor uses the iStdDev indicator values from the sliding window over the "
Sliding window size
" days and calculates the average indicator value in this window. If the current iStdDev value is greater than the calculated average, it is a signal to prohibit trading.
If there is no prohibition, check the Stochastic indicator:
At the same time, the EA keeps track of the deals that were closed at a loss: as soon as such a losing trade is found, the EA increases the lot size for the next deal.
Positions are closed once the total profit becomes equal to or more than 'Minimum profit'.
ATTENTION: This is a high-risk strategy! After a seeming profit
you can easily lose the entire deposit!
