Phase I
1. Download and install MetaTrader 5 Forex trading platform. You get a free Forex demo account.
MetaTrader 5
or
MetaTrader 5 software FXDD.com
www.fxdd.com/MetaTrader5
Start Trading on MetaTrader 5 With A Free $50k Practice Account.You now have a free Forex trading platform and a demo account.
Open Metatrader 5. At this point you should be able to trade Forex on your demo account.
Use the View pull down to access Market Watch, Navigator, Toolbox, Strategy Tester. You should try to get familiar with the navigation on MetaTrader 5. Try a manual Forex trade and close it. MetaTrader 5 already comes with Charts, Indicators, Expert Advisors and more!
Full MetaTrader 5 Overview video>
Phase II
2. Download and install the Mover3MkII Expert Advisor.
Free download Mover3MkII
Install MT5 Expert Advisor
If you have installed the Expert Advisor Mover3MKII correctly, you should see it in the Navigator window under Expert Advisor.
Select View/Navigator
3 Open a EURUSD window and set it for 5 minutes M5.
4. Turn on Expert Advisor Mover3MkII in EURUSD window by selecting the expert adviser.
5. To monitor the automatic trades, select View/Toolbox.
You now have Forex Automatic Trading!
Technical Expert Advisor information
Mover3MkII by Bobsley, Winner of Automated Trading Championship 2010 (ATC 2010).
To open positions it uses the signals of Moving Average and Stochastic indicators. EURUSD, M5, every tick, 5-15 lots.
The strategy:
- Open long position: MA increases, Stochastic increases and located below the oversold level.
- Open short position: MA decreases, Stochastic decreases and located above the overbought level.
- Close positions: Stop Loss and Take Profit levels.
Input parameters:
- TakeProfit = 0.007 - Take Profit.
- StopLoss = 0.0035 - Stop Loss.
- MA_Period = 76 – Moving Average period.
- Stoch_OverSold = 30 – Stochastic oversold level.
- Stoch_OverBought = 70 – Stochastic overbought level.
- Lot = 5-15 - Lots to trade
MetaTrader 5 comes with the MQL5 programming language and a Meta editor.
MetaTrader 5 Help
MetaTrader 5 Automated Trading MQL5
MQL5 Documentation
MetaQuotes Software Corporation
