Expert Advisor Reopeningaftertp | MT5 EA Download - MetaTrader 5 Resources

Expert Advisor Reopeningaftertp review and download instructions

This article organizes EA related to CMillion Expert Advisor. The content has been removed from the Russian language and external website promotion information, and has been reorganized according to the common concerns of foreign exchange EA users, making it easier to judge whether it is suitable for real trading or testing environments.

strategic positioning

This type of EA is usually used in automated trading scenarios of MT4 or MT5. Before formal use, you should first confirm the trading variety, cycle, spread, slippage, leverage and broker execution conditions to avoid directly treating a single historical performance as a future profit expectation.

Testing recommendations

It is recommended to test separately in a demo account and a small capital account first, focusing on observing the maximum drawdown, continuous losses, holding time, news market performance, and the sensitivity of parameters to different market stages.

Key points of English page

The EA opens a limit order at the place of the newly closed profitable order.

All parameters, lot SL, TP and direction are identical to the closed one.

In the parameters:

TimeStart = D'2019.07.14 00:00′;//time from which we control closed trades. (trades closed earlier will not be taken into account by the EA)

delta = 5;//allowable trade offset (if the pending order is shifted by several points, the repeated order will not be placed)

An example of the work.

Open position 1.1234 after its closing by profit, a limit order with the same parameters will be placed on the price 1.1234.

If the position is closed at a loss, the EA will not open orders.

In the tester, the EA opens two buy and sell orders so that you can clearly see its operation.

The EA opens a limit order at the place of the newly closed profitable order. All parameters, lot SL, TP and direction are identical to the closed one. An example of the work. Open position 1.1234 after its closing by profit, a limit order with the same parameters will be placed on the ...

Risk warning

EA cannot eliminate market risk. Grid, martin, scalping, arbitrage, and high-frequency strategies are particularly dependent on the trading environment. Stop-loss logic, order quantity limits, and capital occupation under abnormal market conditions should be separately evaluated before placing a firm offer.