Bot Cilento
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. 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 Bot Cilento
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
BotCilento is a sophisticated grid-trading Expert Advisor for MetaTrader 5 that combines trend-following signals with adaptive risk management.
Dual MA Strategy Trades on crossovers of fast/slow SMAs (H1 timeframe) Filters signals with volume spikes and volatility checks Smart Grid Management Adds positions at dynamic intervals (fixed pips or ATR-based) Supports Martingale or Arithmetic lot sizing Closes entire grid at user-defined profit/breakeven targets Risk Safeguards Auto-stop at daily loss limits Drawdown-based emergency closure Position age expiration Spread/slippage filters Unique Features Optional "hold through reversals" mode Stagnation detection (no movement) Real-time dashboard with profit metrics
Please be aware: This EA is not designed for live trading. Using martingale strategies or increasing lot sizes could eventually lead to a complete loss of your balance. It is intended for demo and strategy testing only. The code requires significant updates before it is suitable for live trading. Consider it a work in progress and feel free to make improvements.
Ideal for: Trending forex pairs (EURUSD, GBPUSD) during active hours, with customizable aggression levels from conservative to high-frequency trading. "A self-correcting grid system that prioritizes capital preservation while capturing extended trends.""Important Notice:After 3 days of dedicated development, I'm sharing this tool with the community. While I've put significant effort into its creation, please understand this isn't a guaranteed profit solution. Treat it as a foundation for experimentation - test thoroughly, refine parameters, and see if you can adapt it to your unique trading approach."
