RG T2 EA
This software component for MetaTrader 4 is built to enhance the capabilities of your trading environment. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use RG T2 EA
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
Description & Settings
Expert advisor based on Bollinger bands and Rsi. Modified trailing stop system.
Inputs:
extern double Lots = 0.01; // lot size
extern double MinPipsProfit = 30; // when does the trailling stop start ( +30 pips above open price )
extern double Ea_StopLoss = 70;
extern double Ea_Trailing_Stop = 35;
extern int Slippage = 3;
extern int RsiH = 90; // sell if bollinger band high and and rsi>90
extern int RsiL = 10; // buy if bollinger band low and and rsi<10
extern int RsiPeriod = 8;
extern int Magic=686;
Let me know if you find some bugs.
If you use 5 digits broker multiply MinPipsProfit, Ea_StopLoss and Ea_Trailing_Stop by 10.
