Trading Robots for MetaTrader 5
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MetaTrader 5
Top Rated Products MT5
Overview
Introducing our MetaTrader 5 Expert Advisor (EA) based on the Double Exponential Moving Average (DEMA) indicator. This EA has been designed to provide traders with a robust strategy for the forex market.
**Key Features and Functionality**
- **User Inputs:** The script allows for user-defined inputs such as the DEMA period and the lot size for the trades, offering a level of customization to suit your trading needs.
- **Trade Execution:** The CTrade object within the script allows for efficient and quick order execution.
- **EMA & DEMA Calculation:** The script includes functions for calculating the Exponential Moving Average (EMA) and the Double Exponential Moving Average (DEMA), providing the backbone of the trading strategy.
- **OnTick Event Handler:** This is the heart of the script. On every new price tick, the script retrieves the current price, calculates the DEMA for the previous two bars, determines the direction of the DEMA, and opens or closes trades based on the current price and DEMA direction.
Please note that this script does not include risk management features. It is crucial to implement your own risk management strategies while using this EA.
**Recommended Usage**
1. **Backtest:** Conduct thorough backtests on all the symbols you intend to trade, ideally looking at least 30 days back. This will provide you with an understanding of the EA's performance under different market conditions.
2. **Demo Test:** Forward test the EA in a demo environment. This allows you to understand the EA's real-time operation without risking your capital.
3. **Live Trade:** Once you are confident with the EA's performance in the demo environment, you may consider trading live. Remember, always use risk management strategies to protect your capital.
**Subscription Benefits**
Subscribing for 3 months or more grants you access to 2 upgrades if desired. These upgrades can include enhancements in trading logic, improvements in risk management, or new features based on user feedback or market changes. This ensures that you always have an updated tool in line with the ever-changing dynamics of the market.
**Risk Warning**
The EA is designed to work with a maximum leverage of 200:1. Trading Forex involves significant risk, and it's possible to lose all your invested capital. Always remember that past performance does not guarantee future results.
Equip yourself with our DEMA-based EA and empower your trading strategy today.
