Guide: weTradeHelperPRO

IMPORTANT

  • ALWAYS test and practice on a demo account until mastery BEFORE using on a real account.
  • ONLY use the EA after you know how to manually trade the strategy.
  • This EA automates the trade management with the option for you to override should you choose to.
  • You still need to enter the trade yourself.

DISCLAIMER: Use at your own risk. We are not responsible for your losses.

1. Where to place the EA’s .ex5 file

  1. In MT5, File -> Open Data Folder
  2. Go MQL5/Experts folder
  3. Drop the .ex5 file in this folder
  4. In MT5 Navigator, right-click anywhere and select ‘Refresh‘
  5. In MT5 Navigator, expand the ‘Expert Advisors‘ section to see the EA
  6. Done

 

2. Where to place the EA’s SET files

  1. In MT5, File -> Open Data Folder
  2. Go MQL5/Profiles/Templates folder
  3. Drop the SET files in this folder
  4. Done

 

3. How to add EA to chart

  1. From MT5 Navigator -> Expert Advisors
  2. *Drag the chosen EA onto a chart
  3. The EA properties window pops up
  4. ^Click on ‘Common‘ tab, ensure ‘Allow Algo Trading‘ is ticked
  5. Proceed to next section to load SET file

* Since we act based on m1 confirmation, prefer to add EA on m1 chart to press the hotkeys there.

^ ‘Allow Algo Trading‘ must be ticked. Otherwise, the EA is not allowed to trade. It’s a common mistake to forget to tick this box.

 

4. How to load SET file into EA

  1. With the EA properties window opened (Either when you add EA to chart, or right-click on the chart and select ‘Experts List‘ from menu then Properties)
  2. Click on ‘Inputs‘ tab, if not already pre-selected
  3. Click on ‘Load’ button
  4. Select the desired SET file for the EA
  5. Click ‘Open’ button to load the SET file values into the EA
  6. *Visually check that the values are correct on the EA’s ‘Inputs‘ tab
  7. Click ‘Okay’ button to close the EA properties window
  8. Done

* You may change the values in the EA’s Input tab to your preference, such as the Volume. After changing any values, you can click on the ‘Save’ button to save the updated SET file.

 

5. How to Enable / Disable Algo Trading

  • *Loading an EA onto the chart and/or loading a SET file does not enable the EA.
  • On the MT5 Toolbar, look for ‘Algo Trading‘ button.

 

  • If the prefix is a RED square, means Algo Trading is DISABLED.
  • If the prefix is a GREEN triangle, means Algo Trading is ENABLED.

 

  • ^Clicking the ‘Algo Trading‘ button enables/disables algo trading.

 * If the EA is loaded, you’ll see the EA’s name on the top right corner of the chart you loaded the EA onto.

 ^If you ticked ‘Allow Algo Trading‘ in the EA’s properties ‘Common‘ tab, when you enable ‘Algo Trading‘ by clicking the button, the square hat at the end of the EA’s name on the chart will turn light blue color. Otherwise, it is white color.

 

6. Hotkeys trading

  • Assuming you have already loaded the EA with the correct SET file onto the correct chart.
  • Ensure the active chart is the one with the EA loaded. Click anywhere in the chart to make it the active chart.

 

  • To see the full list of trading hotkeys and trade plan, press M in that active chart.
  • Ensure the displayed settings and values are in accordance to your desired trade plan.
  • Press M again in the active chart to minimize the hotkeys guide.

 

  • For trading hotkeys to work, Algo Trading needs to be enabled.

 

  • Trading hotkeys only work on the chart that the EA has been loaded onto.
  • Click anywhere on that chart so that it becomes the active chart.

 

  • When there’s no trade setups, it is prudent to disable Algo Trading to not accidentally pressing any trading hotkeys. And enable Algo Trading only when there’s a trade setup.
  • Once in a trade, keep Algo Trading enabled, until the trade is closed.

 

  • In order for the EA to work, MT5 platform and computer needs to remain on and running.
  • Internet connection for the computer should remain stable throughout too.

 

  • You can see the EA’s log inside the ‘Experts‘ tab of the MT5 Toolbox.

 

7. Magic Number

  • In MT5, a ‘Magic Number’ is typically a number the EA assigns to a trade.
  • This is so that the EA can be configured to only manage trades with the specific magic numbers.
  • This way, different trades with different magic numbers can be running in the same account, each with an EA configured to manage a specific magic number.

 

  • Manually entered trades cannot have a magic number set by the trader, and is assumed to have a magic number of zero.