Installing and using our EAs
Welcome to the guide for effectively using and configuring your Expert Advisor (EA). In this article, we’ll walk you through setting up the EA, understanding its inputs, and optimizing it for your trading goals.
How to Run the EA on a Chart
To set up your EA, drag it ontoonly one chart in MetaTrader it can be any symbol or any timeframe . Ensure you’ve enabled auto-trading and that the EA inputs are correctly configured. For detailed steps, check the blog below:
How to Run the EA on a Chart
How to Update the EA When an Update is Available
Keeping your EA updated ensures you’re always using the latest features and bug fixes. Follow the guide in the blog below to update your EA easily:
How to Update the EA
What’s the Best Setfile?
The EA’s default settings are optimized for most trading conditions, making them the best starting point. However, you can optimize these settings further to suit your broker and strategy. Additional setfiles, if available, will be shared on our channels.
How Can I get the latest news about the EA?
To stay updated with the latest news, strategies, and setfiles, send me a private message on MQL5. I’ll provide you with the link to our Telegram channel.
Also you can access updates and community discussions by joining the MQL5 channel. Here’s the direct link: https://www.mql5.com/en/channels/hatchybots
Inputs Details
pairs: Specifies the trading asset (e.g., XAUUSD). main magic number: A unique identifier for trades executed by this strategy. comment: Custom text added to identify or label orders. lot management calculation method: Defines the method used to calculate trade lot sizes. risk of each trade (%): Sets the percentage of balance risked per trade. fix lot value: Specifies a fixed lot size for trades. choose Monday start hour: Sets the hour to start trading on Monday. choose Monday start minute: Sets the minute to start trading on Monday. choose Monday end hour: Sets the hour to stop trading on Monday. choose Monday end minute: Sets the minute to stop trading on Monday. choose Tuesday start hour: Sets the hour to start trading on Tuesday. choose Tuesday start minute: Sets the minute to start trading on Tuesday. choose Tuesday end hour: Sets the hour to stop trading on Tuesday. choose Tuesday end minute: Sets the minute to stop trading on Tuesday. choose Wednesday start hour: Sets the hour to start trading on Wednesday. choose Wednesday start minute: Sets the minute to start trading on Wednesday. choose Wednesday end hour: Sets the hour to stop trading on Wednesday. choose Wednesday end minute: Sets the minute to stop trading on Wednesday. choose Thursday start hour: Sets the hour to start trading on Thursday. choose Thursday start minute: Sets the minute to start trading on Thursday. choose Thursday end hour: Sets the hour to stop trading on Thursday. choose Thursday end minute: Sets the minute to stop trading on Thursday. choose Friday start hour: Sets the hour to start trading on Friday. choose Friday start minute: Sets the minute to start trading on Friday. choose Friday end hour: Sets the hour to stop trading on Friday. choose Friday end minute: Sets the minute to stop trading on Friday. bull power and bear power signal filtering activated: Enables filtering based on bull and bear power signals. period setup for bull power filter: Defines the period for bull power signal calculation. period setup for bear power filter: Defines the period for bear power signal calculation. timeframe setup for bull power and bear power filter: Specifies the timeframe for bull and bear power filters.
Testing and Optimizing the EA
- Backtesting: Always test the EA on historical data to ensure it performs well under different market conditions.
- In MT4, backtesting is confined to a single symbol.
- To proceed, delete additional symbols from the input and run the test in "every tick" mode.
- MT5, by comparison, handles multi-symbol backtests effortlessly, providing excellent accuracy.
- Optimization: Use MetaTrader’s strategy tester to tweak parameters and find the best settings for your broker.
