Recent content by matter2003

There is no such setting in the MQ5 bot.

I have not had much success with those settings in the instruction guide at all, much better success with these ones.

FIFO only pertains to the same lot size transactions. So if for instance you opened a trade with .01 lots, then .02 lots and then .03 lots, these would NOT be subject to FIFO rules. Only if they were all the same lot size would they be subject to them. That's the easiest way around...

FIFO stands for "First In, First Out". So if you make 5 trades, it means you have to close the first one before closing any of the others. IE, if you bought too high, the price dropped and then you bought 4 more times, you have to close out the one you bought initially before closing any of...

The reason I ask is that some of the trades are being opened where it makes no sense looking at the chart and using this in combination with some other trading indicators like TEMA, RSI, OBV, etc would make for much better entry/exits if there was an option to use those for confirmation in...

It seems to be autogenerated when you create a new bot/expert by MetaTrader. Seems like it's their version of an Expert_Id.

Haven't gotten too far as of yet, I will let you know when I have something more substantial and tested.

it appears to be some settings that is given when the bot is created to identify it in code...at least in my looking into the metatrade 5 language and playing around with things in there. I am a senior software engineer so I plan on dabbling with some things in there to try and optimize more.

How closely do you have to monitor these settings? Like do I need to watch charts constantly while this is running in "fast" mode? I kind of want somewhere between "set it and forget it" and "constantly watching" if there is such a thing...like maybe check it once an hour or so?

I've found on the H1 settings with the 8/10 it will barely make any trades over a 3 month backtesting period, which renders those almost worthless on many assets. Try EURUSD for instance...not a single trade over 3 months. USDJPY is like 12 or 13.