Allgain100

Key Features

1. Strategy Core

   • EMA Crossover System:

     • Fast EMA (default: 20) and Slow EMA (default: 50)

     • Generates buy signals when Fast EMA crosses above Slow EMA.

     • Generates sell signals when Fast EMA crosses below Slow EMA.

   • Fibonacci Filter:

     • Calculates Fibonacci retrenchment levels (23.6%, 38.2%, 50%, 61.8%, 78.6%) based on recent price swings.

     • Requires price to be near a Fibonacci level (configurable threshold) to validate trades.

2. Risk Management

   • Position Sizing: Dynamically calculates lot size based on account balance and user-defined risk percentage.

   • Stop Loss & Take Profit: Fixed in pips, adjusted for 5-digit brokers.

   • Single Position Rule: Avoids multiple entries by allowing only one active trade at a time.

3. User Configuration

   • Toggle trading on/off ( Enable Trading ).

   • Adjust EMA periods, Fibonacci look back, and risk parameters.

   • Enable/disable Fibonacci filtering ( UseFibFilter ).

Input Parameters

Workflow

1. Initialization ( OnInit ):

   • Validates EMA periods (ensures Fast < Slow).

   • Initializes EMA indicators and calculates PointMultiplier for broker digit adjustment.

   • Sets magic number for trade identification.

2. Tick Processing ( OnTick ):

   • Signal Generation:

     • Checks EMA crossover conditions using the latest two bars.

   • Fibonacci Validation:

     • Identifies recent swing high/low over FibLookback bars.

     • Computes Fibonacci levels and checks proximity to current price.

   • Trade Execution:

     • Calculates stop loss ( sl ), take profit ( tp ), and lot size.

     • Executes buy/sell orders only if no existing positions.

3. Risk Management:

   • CalculateLotSize() : Uses account balance, risk percentage, and stop loss to determine position size.

   • Converts pips to points for SL/TP using PointMultiplier .

Example Trade

• Buy Signal:

  • Fast EMA (20) crosses above Slow EMA (50).

  • Current price is within 0.5 pips of the 61.8% Fibonacci level.

  • Lot size = (1% of $10,000 account) / (100 pips SL * tick value).

  • Order: Buy 0.15 lots, SL = entry - 100 pips, TP = entry + 50 pips.

Notes

• Broker Compatibility: Handles 4/5-digit brokers via PointMultiplier .

• Limitations:

  • No trailing stop or recovery mechanism.

  • Single-position logic may miss opportunities in trending markets.

• Optimization: Consider adding trend filters (e.g., RSI) or modifying Fibonacci calculation logic for different market conditions.

This EA provides a systematic approach to trading EMA crossovers with Fibonacci confirmation, emphasizing controlled risk and parameter flexibility. Test thoroughly in a demo environment before live deployment.

How to Install Allagain100 ?

To install and use an Expert Advisor (ALLGAIN100) in MetaTrader 5 (MT5), follow these organized steps:

1. Install the ALLGAIN100

• Download the ALLGAIN100: Obtain the ALLGAIN100 file (typically a .ex5 compiled file or .mq5 source code).
• Locate the MT5 Folder:
• Open MT5, go to File > Open Data Folder.
• Navigate to MQL5 > Experts.
• Copy the ALLGAIN100 File:
• Place the .ex5 file into the Experts folder.
• For .mq5 files, compile it first:
• Open the .mq5 file in MetaEditor (press F4 in MT5).
• Click Compile (or press F7) to generate the .ex5 file.

2. Enable Automated Trading

• In MT5, click the Auto Trading button (or press Ctrl+E) on the toolbar to enable ALLGAIN100s.

3. Attach the ALLGAIN100 to a Chart

• Open the Navigator panel (Ctrl+N).
• Drag the ALLGAIN100 from the Expert Advisors list onto your desired chart.
• Configure settings (e.g., lot size, risk parameters) in the pop-up window.
• Ensure Allow Automated Trading is checked in the ALLGAIN100 settings.

4. Adjust Permissions

• Go to Tools > Options > Expert Advisors:
• Check Allow automated trading.
• Enable Allow DLL imports (if the ALLGAIN100 requires external libraries).
• Set Allow WebRequest if needed.

5. Test the ALLGAIN100

• Backtesting:
• Open the Strategy Tester (Ctrl+R).
• Select the ALLGAIN100, symbol, timeframe, and date range.
• Click Start to run historical tests.
• Forward Testing:
• Run the ALLGAIN100 on a live chart with Visual Mode in the Strategy Tester for rAllgain100l-time simulation.

6. Monitor Live Execution

• Keep the ALLGAIN100 attached to the chart for live trading.
• Check the Experts tab in the Toolbox (Ctrl+T) for logs/errors.
• Ensure your broker allows ALLGAIN100s and that your account has sufficient margin.

Troubleshooting Tips

• ALLGAIN100 Not AppAllgain100ring? Confirm the file is in MQL5/Experts (not MQL4).
• Compilation Errors: Fix code issues in .mq5 files using MetaEditor.
• Dependency Issues: Install required indicators (into MQL5/Indicators) or DLLs (into MQL5/Libraries).
• Broker Restrictions: Verify symbol names, execution modes, and trading hours align with your broker.

Key Considerations

• Test ALLGAIN100s thoroughly in a demo account before live use.
• Monitor performance during market volatility or news events.
• Ensure your VPS (if used) is reliable for 24/5 operation.

By following these steps, you can effectively automate your trading strategies in MT5.

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