Getting Started with the EA
How to Attach the EA to a Chart
To begin using the EA, simply attach it to any chart. The EA is pre-configured to handle trades on the defined symbols and automatically adapts to the chart’s timeframe and conditions.
For detailed guidance, check out this blog post:
https://www.mql5.com/en/blogs/post/751036
Updating Your EA
Stay up-to-date with the latest EA version for the best performance. When an update is released, follow the steps outlined in this blog:
https://www.mql5.com/en/blogs/post/729017
Backtesting Tips
For accurate results, it’s best to use MT5 for backtesting. While MT4 can work, it has significant limitations:
- MT4 lacks modern options like “Every Tick Based on Real Ticks.”
- Backtesting on MT4 is restricted to a single symbol at a time, making it tedious for strategies involving multiple pairs.
Switching to MT5 ensures you get reliable and comprehensive backtest data.
Customizing Trading Symbols
To trade different symbols:
- Go to the Inputs section of the EA.
- Enter the desired symbols (e.g., AUDJPY ) without suffixes or prefixes.
For instance, if your broker uses AUDJPY.f , only input AUDJPY .
Using the EA with Other Systems
The EA is compatible with other Expert Advisors on the same platform. To ensure no overlap:
- Assign a unique Magic Number for each EA.
This prevents any conflicts between their trades.
Joining Telegram and MQL5 Channels
Tips:
- The default settings are designed for optimal performance.
- The minimum deposit amount is flexible, but I recommend risking no more than 3% per trade. Adjust this based on your strategy and risk appetite.
- I value user feedback and welcome suggestions for new features or inputs. Feel free to message me directly on MQL5, and I’ll consider implementing your ideas.
Inputs Explanation
General Setup
- Trading Symbols: Specify the symbols to trade, e.g., AUDJPY .
- Magic Number: A unique identifier for this EA’s trades to differentiate them from other EAs.
- Order Comment: Add an optional comment to trades for better tracking.
Risk Settings
- Lot Management Method: Choose between fixed or balance-based lot sizing.
- Risk Percentage: Define the risk per trade as a percentage of account balance.
- Fixed Lot Size: Assign a static lot size for all trades.
- Lot Decrease Percentage: If enabled, this percentage reduces lot size dynamically under certain conditions.
- Hedging: Toggle the hedging feature to allow or prevent multiple positions in opposite directions.
Telegram Notifications
- Enable Notifications: Turn on Telegram alerts for trade updates.
- Telegram Bot Token: Provide the bot token for sending notifications.
- Telegram Chat ID: Enter the chat ID where you want to receive updates.
- Refresh Frequency: Set how often the EA refreshes Telegram notifications.
Mobile Notifications
- Mobile Alerts: Enable or disable notifications sent to your mobile device.