Instructions for running multi-currency testing on MetaTrader 5
Multi-currency testing is possible only on MetaTrader 5
When using the multi-currency tester, select the M5 timeframe.
EA for MT4: https://www.mql5.com/en/market/product/40266
EA for MT5: https://www.mql5.com/en/market/product/40760
Requirements and recommendations
- The EA is attached to only one chart (any of the working pairs) - all trading on all pairs is carried out from only one chart! In the settings you can enable and disable currencies.
- The recommended minimum balance (when used on recommended pairs and timeframes) is $ 3000 or $ 30 on a cent account.
- Leverage from 1:500 and more.
- Safe trading requires a minimum lot of 0.01. Check your broker to support a minimum lot of 0.01.
- When using the EA in MetaTrader 5, an account with "Hedging" support is required.
- Do not interfere with the work of the EA, and do not close the order manually.
- Use a separate account for the EA. (Do not use multiple advisors for one account).
- EA requires RAM:
- 500 MB version for MetaTrader 4
- 1100 MB version for MetaTrader 5
- Broker Broker with five-digit and three-digit quotes.
- EA requires a standard VPS server. ( EA does not work on MQL5 VPS )
- The EA does not work on the account: "JPY", " RUB".
Important information about the minimum lot:
For safe trading, an account with a minimum lot of 0.01 is required:
If the minimum lot is more than 0.01 then turn off this pair:
Installing of EA in MetaTrader 4 / 5
Detailed description of the strategy.
The EA uses several algorithms in one strategy:
Below are some examples of how the strategy works:
1) Sell order (lot 0.01) on the breakdown with price deviation is open.
2) The Sell order (lot 0.01) is closed and the Buy order is opened (lot 0.04) according to the reverse.
3) The Buy order (lot 0.04) is closed and the Sell order is opened (lot 0.18) for a breakdown of the support level.
4) The Sell order (lot 0.18) is closed and the Buy order is open (lot 0.57) for a breakdown of the resistance level.
5) Order Buy (lot 0.57) paid for all previous orders (3) closed at a loss.
The following example with averaging (maximum averaging consists of 2 orders):
1) Sell order (lot 0.01) on the breakdown with price deviation is open.
2) The Sell order (lot 0.01) is closed and the Buy order is open (lot 0.02) for a breakdown of the resistance level.
3) A Buy order is opened (lot 0.02) for averaging in order to quickly close a Buy in order to a profit.
4) Order Buy (2) (lot 0.02) paid back all previous orders (2) closed at a loss.
Download Set Files:
