Fluctuate
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 Fluctuate
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:
Code mq5 by:
The EA works on hedge accounts only!
Swing-based Expert Advisor: the EA sets a pending Sell stop or Buy stop order with an increased lot and in the opposite direction.
Inputs:
Stop Loss,
in pips (1.00045-1.00055=1 pips)
Take Profit
, in pips (1.00045-1.00055=1 pips)
Trailing Stop
(min distance from price to Stop Loss), in pips
Trailing Step
, in pips (1.00045-1.00055=1 pips)
Money management
: Lot OR Risk (only for first positions) - lot calculation type for the first position: fixed lot or in risk % relative to the deposit
The value for "Money management"
//--- trading logic
Step
, in pips (1.00045-1.00055=1 pips) - pending stop order step
Lot coefficient
(for a series of deals) - lot increase ratio for subsequent positions
Multiply the volume of all positions
- enable/disable multiplying the overall volume of open positions by "Lot coefficient"
Maximum number of positions
Maximum volume of all positions
Profit target in money
("0.0" -> OFF)
Minimum Equity
(in percent of balance) -> pause in trade
Close all positions at startup
//---
magic number
- unique EA's ID
Start hour
End hour
Each time, the EA starts a trading cycle after falling within the allowed time interval between
Start hour
and
End hour
provided that there are no pending orders and no positions opened by this EA. An open position is accompanied by a pending stop order. A position volume depends on the
Money management
and
The value for "Money management"
parameters, while the volume of a pending Stop order depends on the
Lot coefficient
and
Multiply the volume of all positions
parameters.
Position direction is determined according to the following rule:
Close of bar #0 > Close of bar #1 -> open BUY; OTHERWISE -> open SELL
Pending stop order type depends on an open position:
if BUY, a Sell stop is set; if SELL, a Buy Stop is placed
A pending stop order is set at
Step
from the current price.
Trailing Stop
and
Trailing Step
are enabled further on together with the profit tracking mechanisms (
Profit target in money
and
Minimum Equity
).
When a pending order is triggered, a pending stop order with an increased lot is set again in the opposite direction.
It is recommended to run optimization on small timeframes. First of all, look for the
Stop Loss
,
Take Profit
and
Step
parameters.
