This post explains how to install and use Avenor FX Pro, a MetaTrader 5 Expert Advisor listed on the MQL5 Market. It follows the product description and the comments on the product page. It is not investment advice and it does not claim any trading result. The current version is 2.8.
Avenor FX Pro centralizes the analysis and management of multiple currency pairs on a single chart. It combines confirmed technical signals with a volatility filter and manages positions in independent baskets for each symbol.
What you need
Avenor FX Pro requires a MetaTrader 5 hedging-type account, algorithmic trading enabled in the terminal, and historical data for the configured pairs. Use the exact symbol names provided by your broker. If the broker adds a prefix or a suffix, enter those values in the inputs.
Install only one instance for any given set of currency pairs and Magic Number. The product description lists 28 forex pairs from the EUR, GBP, AUD, NZD, USD, JPY, CAD, and CHF combinations.
Installation
Open MetaTrader 5, sign in to your MQL5.com account, and open Avenor FX Pro in the Market. Download the free demo or purchase the product. Enable AutoTrading, attach the Expert Advisor to one chart only, and set the pair list, prefix, suffix, and a unique Magic Number not used by any other robot. Confirm that the account is a hedging account before you allow trading. The product page shows five activations. Updates are installed from the Market tab in the terminal.
The free demo in the Strategy Tester
The Market provides a free demo, which is tested in the Strategy Tester built into MetaTrader 5. It is not attached to an online chart. Run the tester with a published set file and the matching timeframe. Use visual mode to watch the dashboard. Tester and demo results are simulated or historical. They do not guarantee future performance and should not be read as live trading results. To see the EA on a chart, use a demo hedging account.
Set files by timeframe
Set files are published in the Comments tab: M1.set for M1, m15.set for M15, and h1.set for H1. They are starting points for the Strategy Tester and for a demo account, not a promise of results. Load the set that matches the timeframe you will use.
Only one timeframe is active at a time for all pairs. Changing the timeframe does not change existing positions in each symbol's basket.
Dashboard and PAUSE
The dashboard shows open positions, open profit or loss, the status of each pair, and progress toward an overall target. The interface can be collapsed, and symbols are organized into pages. You can select M1, M15, or H1 and pause new entries.
The PAUSE button stops new entries and additions to the grid. Management of exits for positions that are already open remains active.
How it manages positions
The robot looks for opportunities based on closed candles. When new signals appear in the same direction, it may add positions to the basket, subject to criteria on distance, volume, margin, and the number of entries. This structure uses a grid approach and may increase exposure during adverse market movements. In the current configuration, lot size is not multiplied after losses.
Lot size can be fixed or dynamic, proportional to account balance. Optional limits cover positive swap, maximum spread, maximum entries per basket, and maximum basket volume. After a basket closes, scanning resumes after a pause measured in bars.
Each basket can have its own take-profit and stop-loss, as a percentage of the account balance recorded when that basket was opened. A global take-profit can also be enabled for positions that share the same Magic Number, as a percentage of the account balance recorded at the start of the cycle.
Key inputs
The main inputs in the product description are:
- Pairs, Prefix, and Suffix
- Initial_Timeframe: M1, M15, or H1
- Trade_Only_Positive_Swap: may prevent trading if the broker does not offer positive swaps
- Maximum_Spread_Points and Price_Deviation_Points
- Use_Dynamic_Lot_Size, Lot_Size_Per_1000, Use_Minimum_Lot_If_Dynamic_Is_Lower, and Lot_Size. If the minimum-lot option is enabled and the calculated volume is below the broker's minimum, the volume used may exceed the configured proportion
- Maximum_Entries and Maximum_Basket_Volume
- TP_Percentage, SL_Percentage, Use_Global_TP, and Global_TP_Percentage
- Pause_After_Basket_Bars
- Magic_Number: do not share this identifier with another robot
- Show_Panel and Panel_On_The_Right
Risk information
Take-profit and stop-loss levels are virtual. They depend on the terminal being active, connected, and authorized to trade. Gaps, slippage, and connection failures may result in losses that exceed the defined limits. Closing targets account for the floating profit and swap of open positions. Commissions and the results of previously closed positions are not included in that trigger. There is no global stop-loss in this version. Losses from different baskets may accumulate.
Test thoroughly in the Strategy Tester and on a demo account before you consider a live account. Historical or simulated results do not guarantee future performance. Questions can be posted in the Comments tab of the product page, or sent through MQL5 messages.
Avenor FX Pro: https://www.mql5.com/en/market/product/203446
Risk warning: trading Forex and CFDs involves significant risk of loss and is not suitable for every trader. This article is not investment advice and not a promise of profit. Never trade money you cannot afford to lose.
