This EA works together with UEX indicator in the same chart.
How to run EA on live chart :
Open the EURUSD chart with the default time frame H1
Load the UEX indicator version 3.36 (or above) into the chart
Make sure that Algo Trading menu button in MT5 is active/enabled.
Load Expert Advisor : UEX Reader version 3.61 (or above) into the chart.
Default option input parameter :
Description.
Magic Number :
EA numbering identity. Numbers must be different if using an EA on more than one chart with different time frames or options.
Trading Style :
Normal.
In each trading signal cycle, only open 1 trading position according to the direction of the UEX signal. --- Each trading position will be closed under the following conditions:
Achieving the target, break even (BEP), or stop-loss.
When a new trading direction signal appears that differs from the previous trading position.
Averaging.
The best alternative if you don't like stop-loss.
Each trading position will be closed under the following conditions:
Achieving the target, break even (BEP), or
When the total of all trading positions reaches a certain target. Target = Total lots x 100 (see option).
Floating positions management:
When the market suddenly changes its direction before first position reaches the breakeven point, indicated by a signal in the opposite direction to the previous position, then the EA will open a new position with a new lot size.
The new lot size used to open the next position is the last lot size multiplied by the number in the Averaging Lots option. eg: New lot = Last lot x 1.5 (see option).
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How to try UEX Reader Expert Advisor in MT5 Tester.
Preparation : This is done only once.
Open the EURUSD chart with the default time frame H1
Load the UEX indicator version 3.36 (or above) into the chart
Create an indicator template by right-clicking the chart, then selecting Template --> Save Template.
Save the template with an easy-to-remember name, for example:UEX Indicator.tpl
MT5 Tester Setup : Expert Advisor.
Open the MT5 Tester menu by pressing CTRL+R, and select Single :
Complete the options according to your needs in the Tester option with time frame is H1 or M30, and check the visual mode so that the tester process runs on the screen :
Press button 'Start' to start UEX Reader Expert Advisor in the visual tester.
In the visual chart tester, load the UEX Indicator template :
* You can set the tester speed as needed.
You can change the Trading Style option between Normal and Averaging - to see which style suits your character and financial capital.
You can also try these 2 trading styles through a demo account first - to make sure which choice is right for you.
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