Introduction
qNavigator Pro v7.0 is an Expert Advisor (EA) designed for the MetaTrader 5 platform, enabling automated trading with multiple flexible strategies. This EA supports features such as time-based trading, Martingale/Snowball money management, trailing stop, and risk control through Balance TP and MDD levels.
⬇️ Download qNavigator.zip
This article will provide a detailed guide on how to install and configure each parameter of the EA.
Installation
Step 1: Download the EA file
Download the qNavigator.mq5 file to your computer.
Step 2: Copy to Experts folder
Open MetaTrader 5, go to menu File → Open Data Folder. Navigate to the MQL5/Experts folder and paste the EA file there.
Step 3: Compile the EA
Open MetaEditor (press F4 in MT5), find the qNavigator.mq5 file in the Navigator and click Compile (F7).
Step 4: Attach EA to chart
Return to MT5, in the Navigator window, drag and drop the qNavigator EA onto the chart you want to trade. Make sure Auto Trading is enabled on the toolbar.
Parameter Configuration
1. System Settings
| Parameter | Default Value | Description |
|---|---|---|
| Name | qNavigator Pro v7.0 | EA identifier name |
| Magic Number | 88888888 | Magic number to distinguish orders from this EA with other EAs. Each EA should have a unique magic number. |
| Spread Limit | 30 | Maximum spread allowed (in points). EA will not open orders if spread exceeds this value. |
| Slippage Limit | 30 | Maximum acceptable slippage when opening orders. |
2. Signal Settings
| Parameter | Default Value | Description |
|---|---|---|
| Signal | Follow | Trading signal type (see details below) |
| Open Index | 1 | Trading start hour (0-23) |
| Close Index | 23 | Trading close hour (0-23) |
| Time Condition | Range | Equal: Only open orders at exact Open Index hour Range: Open orders from Open Index to Close Index |
| Close Option | Don't close | Option for closing orders when reaching Close Index hour |
Signal Types:
- Buy only: Only open buy orders
- Sell only: Only open sell orders
- Random: Open random orders (buy or sell)
- Follow: If previous order won, reverse direction; if lost, keep same direction
- ZigZag: If previous order won, keep same direction; if lost, reverse direction
Close Options:
- Don't close: Don't close orders at closing time
- Close positive: Only close profitable orders
- Close negative: Only close losing orders
- Force close: Close all orders
3. Money Settings
| Parameter | Default Value | Description |
|---|---|---|
| Snowball Ratio | 0 | Volume multiplier when previous order won. Example: 2 = double the volume. Set 0 to disable. |
| Martingale Ratio | 0 | Volume multiplier when previous order lost. Example: 2 = double the volume. Set 0 to disable. |
⚠️ Warning: Martingale strategy can cause significant losses if encountering consecutive losing trades. Use with caution and combine with appropriate risk management.
4. PnL Settings
| Parameter | Default Value | Description |
|---|---|---|
| Balance TP | 0 | Profit target as percentage of balance. When equity reaches this level, EA will close all orders. Set 0 to disable. |
| MDD (Max Drawdown) | 0 | Maximum loss as percentage of balance. When equity drops to this level, EA will close all orders. Set 0 to disable. |
5. Volume Settings
| Parameter | Default Value | Description |
|---|---|---|
| Volume | 0.01 | Base trading volume (lots) |
| Volume Limit | 1 | Maximum volume allowed when using Martingale/Snowball |
| Volume Reset | True | True: Reset to base Volume when reaching Volume Limit False: Keep Volume Limit |
6. SLTP Settings (Stop Loss / Take Profit)
| Parameter | Default Value | Description |
|---|---|---|
| Stop Loss | 500 | Stop Loss distance in points |
| Take Profit | 500 | Take Profit distance in points |
💡 Note: For currency pairs with 5 decimal places (e.g., EURUSD = 1.08765), 500 points = 50 pips = 0.00500.
7. Trailing Stop Settings
| Parameter | Default Value | Description |
|---|---|---|
| Trailing Stop | 0 | Trailing stop distance in points. Set 0 to disable. |
| Trailing Step | 0 | Step size for each stop loss movement in points. |
Configuration Examples
Conservative Configuration
- Signal: Buy only or Sell only
- Volume: 0.01
- Stop Loss: 300
- Take Profit: 600
- Martingale Ratio: 0
- Snowball Ratio: 0
- MDD: 10%
Aggressive Configuration
- Signal: Follow or ZigZag
- Volume: 0.05
- Volume Limit: 0.5
- Stop Loss: 500
- Take Profit: 500
- Martingale Ratio: 2
- Volume Reset: True
- MDD: 20%
Important Notes
- Always backtest the EA on a demo account before using real money
- Be cautious with Martingale strategy as it can cause significant losses
- Set appropriate MDD to protect your account
- EA only opens maximum 1 order at a time
- Ensure VPS or computer runs continuously for EA to function
Support
If you have questions or need support, please contact via website: quangquant.com
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