Tunnel gen4
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. 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 Tunnel gen4
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!
It works on each tick.
The EA works in a cyclic manner: The initial reference point is no open positions on the market. Trading starts with simultaneously opening opposite positions: BUY and SELL with the initial lot size of
Start Lots
. At the next step (as soon as the price passes the
Step
), we will open a double-lot-size position:
If the price has passed the Step upwards, we will open Sell
If the price has passed the Step downwards, we will open Buy
If the price passes one more Step, we will close everything and get a profit or loss, depending on where the price has gone:
This trading system is based on the assumption that the price would rather return than continue its trend.
