Expert Advisors and Indicators for MetaTrader 5

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MetaTrader 5

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Index Provider

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MetaTrader 5
Valerii Gabitov

Overview Group for like-minded people

This Expert Advisor trades stock indices on any MT5 terminal.

This Expert Advisor has to work on the VPS 24 hours a day.

Its advantages are that it hedges stock indices in different directions.

Therefore, trading becomes much safer than most other EA.

Please note that you must use a netting account type. The EA will not work correctly on a hedge account.

You need to set it on the chart of your DOW30 index and register the name of the second index in the EA settings. The second index is DAX


Please note that the strategy tester and my signal may show a high drawdown. But this is not the case. The tester and the signal record that one position is closed at minus and the other at plus. Therefore, such indicators arise. I indicated this situation in the screenshot. Where you can see that one position is closed with a plus of $ 116 and the second with a loss of $ 105. thus we get a profit of 10 dollars and are well insured against any situations in the market.

In trading on the stock exchange, no one can give guarantees. But this EA is definitely one of the safest and most stable. 

To increase the reliability of the advisor, I added a deposit protection function in the form of a drawdown percentage. You can use this parameter, for example, if you are not ready to risk more than 10 percent of the deposit.

Description of the EA parameters :

  • TimeToStart              00:01
  • TimeToEnd                23:59
  • SYMBOL2                   DAX
  • PERCENTLOSS            0
  • RISK                          0.5
  • HistorySize                240    A lot of candlelight history on which the advisor learns
  • PercentVolatility        60     The percentage of volatility between two indices relative to each other
  • MinValatility              20      Minimum volatility in spreads
  • AddProfit                  true    Add closing profit if added volume or not
  • AddVolume               true    Add volume with long-term deviation or not
  • LossPipsForAddVolume  300 Loss in basis points to add
  • PercentProfitPause       0     Percentage of profit per day to complete the job
  • CloseAllByPersent      false  Close trades by equity percentage or not
  • PersentClose               1      How much equity should increase to close
  • ProfitMult                   1       Closing profit magnifier. can be reduced or increased.

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RISK WARNING: is a software reseller, we do not offer investment advice or execute trades. The software we provide is a tool where the settings are input by the end user to design their own trading strategy. Trading forex and CFDs carry a high degree of risk to your capital and it is possible to lose your entire deposit. Only speculate with money you can afford to lose. As with any trading, you should not engage in it unless you understand the nature of the transaction you are entering, and the true extent of your exposure to the risk of loss. These products may not be suitable for all investors, therefore if you do not fully understand the risks involved, please seek independent advice.