What are the values in the parameters in points or pips?

In points! The value is taken from the Point() variable.

When I set TakeProfitAll = 100, I see the TP lines are instantly modified. Could you please explain why? While they must be static from the middle line.

You have specified a Take Profit / Stop Loss / Trailing Stop level that is below what is allowed on your broker's server!

What is the Averaging Strategy in Forex trading?

The Averaging Strategy involves opening additional positions against the trend as the price moves away from your initial position, aiming to lower the overall entry price and reach the break-even point .

How does Additional Opening work with the trend?

Additional Opening refers to opening more positions in the direction of the trend, leveraging favorable market movements to maximize potential gains. For example, opening a second BUY position at a higher price to adjust the break-even point .

What are the key differences between Averaging and Additional Opening?

Averaging involves opening positions against the trend to lower the average entry price, while Additional Opening involves adding positions in the direction of the trend to capitalize on favorable movements.

How does the Expert Advisor (EA) assist with averaging?

The Expert Advisor (EA) automates the averaging process by opening additional positions based on predefined parameters, managing Trailing Stop , and adjusting Take Profit levels to optimize trading performance.

What is the purpose of the Trailing Stop in the averaging strategy?

The Trailing Stop function moves the Stop Loss level in the direction of profit as the market moves favorably, helping to lock in profits and minimize losses.

How should I determine the Averaging Distance?

The Averaging Distance should be calculated based on the currency pair’s average movement and your account balance. It ensures that your account can sustain the additional positions without risking total loss.

What are the risks associated with the Martingale Strategy in averaging?

The Martingale Strategy increases the lot size with each additional position, which can lead to significant losses if the market continues to move against your initial position. It’s crucial to calculate parameters carefully to manage risk.

How do I install and set up the Exp-Averager?

To install the Exp-Averager , open the desired currency pair chart, install the Expert Advisor, and configure the parameters such as Distance , TakeProfit , and StopLoss according to your trading strategy.

What parameters can be optimized in the Exp-Averager?

Parameters such as TakeProfitALL , Distance , DistanceMartin , LotsMartin , and MaxOrdersOpen can be optimized to enhance the performance of the averaging strategy.

How does the Magic Number function in the EA settings?

The Magic Number uniquely identifies positions opened by the EA, allowing it to manage and track only those trades without interfering with manually opened positions.

Can I test the Exp-Averager before using it live?

Yes, you can use the Strategy Tester in your trading terminal to backtest the Exp-Averager and optimize its settings before deploying it on a live account.

What should I consider when setting the StopLoss and TakeProfit levels?

Set the StopLoss and TakeProfit levels based on the Averaging Distance and your risk management strategy to ensure that the EA can effectively manage trades and protect your account from excessive losses.

How does the EA handle Commission and Swap?

The EA considers Commission and Swap costs when calculating the BreakEven point and Trailing Stop , ensuring that these costs are accounted for to avoid unnecessary losses.

What is the role of MaxOrdersOpen in the EA settings?

MaxOrdersOpen limits the number of additional averaging positions the EA can open, helping to control the load on your deposit and manage risk effectively.

How can I customize the lot sizes for averaging positions?

You can customize lot sizes using parameters like LotsMartin , LotAdditional , and LotDifferent , allowing you to define how the lot size increases or decreases with each additional position.

What information is displayed in the EAPADPRO Panel?

The EAPADPRO Panel displays key information such as BUY Average / Lot , SELL Average / Lot , Min/Max Price for BUY and SELL deals, and the Average Price for both directions.

How does the EA manage Stop Loss when using averaging?

The EA modifies the Stop Loss to the break-even point once the price moves a certain distance in favor of the trade, helping to secure profits and minimize losses.

What is the OrderToAverage parameter used for?

The OrderToAverage parameter specifies the type of positions the EA monitors for averaging, such as all positions, only BUY, or only SELL orders.

Can the EA handle multiple Magic Numbers?

Yes, the EA supports multiple Magic Numbers , allowing it to manage positions across different strategies or trading systems simultaneously.

What is the recommended StopLoss setting when using averaging?

It is recommended to set a StopLoss of 5 averaging distances and limit the number of averaging positions to a maximum of 5 to balance risk and potential profit.

How does the EA ensure it doesn't exceed the broker's Minimum Stop Level?

The EA can automatically normalize all parameters to meet the broker’s Minimum Stop Level by using the SetMinStops or AutoSetMinLevel settings.

Forex Trading Robot Archives - Best Ideas for MetaTrader

Visit our blog for useful tips, strategies, and reviews on MetaTrader, Utilities, Expert Advisors, and Forex trading.

Explore our blog for practical tips, effective trading strategies, and comprehensive reviews of MetaTrader, Expert Advisors, and essential Forex utilities.

Whether you're just starting out or are an experienced trader, our content provides valuable insights and step-by-step tutorials to help you enhance your trading skills and achieve your financial goals.

August 2, 2021

Averager. Averaging trading positions. Opening deals against the trend and on the trend!

Averaging positions. Opening of additional positions on the trend and against the trend with the function of the general trailing stop of the profit! The adviser can open additional positions on the trend and against the trend! Includes average trailing stop for a series of positions! Increasing and decreasing the lot.

October 3, 2017

How to install Expert Advisor and indicators to the MetaTrader terminals

Description How to install a Trading Advisor in MetaTrader and configure it to work in the terminal.In this article, we will guide you on how to install a Trading Advisor in MetaTrader and configure it to work on the terminal […]