"High Frequency Trading EA Test on MT5 | MT5 Robot"#AutomationFX — Transcript

Full transcript

1. 0:00Hello friends, after completing 10 days of  MQL5 programming, today we'll starting our
2. 0:05first video as you know we cover in the basics in  the last 10 days course. In the last two parts,
3. 0:11I received lots of support for you along with some  goods and bad comments. But that's okay. I never
4. 0:17intend to sell this or hidden code or irrigate  anything about it. In today's video, we test
5. 0:23the EA on my demo account with some settings.  At the end, I will explain the changes we made
6. 0:30to EA so that your new user with basic coding  knowledge can understand them and improve it
7. 0:36performance. Finally, I will show the full code of  nothing hidden. So, let's dive into today's video.
8. 0:48So, we go to the terminal. I have already  added this EA to the chart. I will open a
9. 0:54inputs and start changing some  values, stop-loss, distance,
10. 0:59etc. And set everything to 40 pips . I  scroll up and down and set all trailing
11. 1:06stop to 40 pips as well. For the last input,  ADX strength, I set it to 20 and click okay.
12. 1:22I check the A but it's not taking any  trades. I first clear the general and
13. 1:28make sure the time frame is  set to 1 minutes or 5 minutes
14. 1:39then oh sorry I forget to start algo trading.  Once I start alating the EA begins Trading.
15. 1:50see.
16. 2:10But then it pause because we  set it to stop at $50 profit.
17. 2:26I tried increasing the profit limit but the EA  ignore it. So I remove the EA from the chart.
18. 2:39I added A on the chart once again. Set  some values the same as the previous one.
19. 2:45I don't know if these are best settings for this  year. this is just example and the settings can
20. 2:51change quickly to capture opening validity and  I change targets to 200 and then click okay.
21. 3:04You can see the EA has started trading. We just  wait and it eventually reach the targets. Right
22. 3:12now this is only a demo account but it's give  us good idea of how this strategy perform one
23. 3:19of the my subscriber actually send me a video  of the uh very expensive forex mato EA. So I
24. 3:26got an idea how the trade based on that  I created the simple EA just for testing
25. 3:31purpose. For example I set targets to 100 to  capture the opening volatility. Of course,
26. 3:36I know this EA is missing some important  things like spread filter, broker minimum
27. 3:41distance checks and slippage control, but do can  easily be added later. For now, the goal is just
28. 3:49to test the concept and under understand  how the trades are triggered. Okay. Now,
29. 3:56we'll quickly go to meta editor to show the  full code where I also added the include file
30. 4:02inside 1 EA. If you have any ideas or suggestion  to make it better, feel free to share them in the
31. 4:08comments. That's today's video. Don't forget to  subscribe, like, and share the video. Thank you.