AD X MA C D Deev
This is a powerful addition to your MetaTrader 5 toolkit designed to optimize market analysis and performance. 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 AD X MA C D Deev
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:
mq5 code by:
An EA based on technical indicators:
iADX (Average Directional Movement Index, ADX) for the movement strength direction.
iMACD (Moving Average Convergence/Divergence, MACD) for identifying the movement direction;
Transactions are made when the basic and signal MACD lines move upwards (for buying) and downwards (for selling). In this case, the indicators must be in the same direction at a certain number of bars: For ADX, it is
ADX: bars interval
; for MACD, it is
MACD: bars interval
.
In both cases, the main ADX line must move upwards and be above the value of 20 (
ADX: minimum
).
Closing a half of the position lot size (
Take half the profit
) and trailing have been realized.
Please note parameter
Take half the profit
. If you set
Take half the profit
for true, then the
Take Profit
of the position will not be placed (if even
Take Profit
is set for above zero). Instead,
Take Profit
will work as a step to take a half of the profit. The picture below demonstrates well how
Take half the profit
works:
Taking a half of the profit works only once. Then the position will be closed by triggering the Stop Loss.
