Mastering MetaTrader 5: Your Guide to the Improve EA

Meet the Creators: Mark, along with MQL5 code wizard: barabashkakvn.

The Improve EA operates by searching for entry points only at the opening of a new bar, executing trades at that moment. Meanwhile, it keeps an eye on Virtual Profit with every tick. When it identifies a suitable condition for opening a position (based on the Base symbol the EA is using), it simultaneously opens two positions: one on the Base symbol and another on the Hedge symbol.

For instance, if you launch it on the USDJPY symbol, your Hedge symbol could be USDCHF:

Input Parameters

• Lots - This defines the position volume for each symbol;
• Virtual Profit (in money) - The profit threshold (in cash) at which all positions will be closed;
• Hedge symbol - This is your secondary trading symbol;

• Fast Moving Average Settings:
  • MA Fast: Set your averaging period;
  • MA Fast: Adjust the horizontal shift;
  • MA Fast: Choose your smoothing type;
  • MA Fast: Select the price type;
  • MA Slow: Set this averaging period.

• Slow Moving Average Settings:
  • MA Slow: Adjust the horizontal shift;
  • MA Slow: Choose the smoothing type;
  • MA Slow: Select the price type.

• RSI Settings:
  • RSI: Set the averaging period;
  • RSI: Choose the price type.

• Magic Number - This is a unique identifier for your EA.