RS I Expert. 0
This tool for MetaTrader 4 is specifically engineered to streamline your trading operations. 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 RS I Expert. 0
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
Added:
the ability of more detailed customization of the indicators,
martingale,
calculation of the lot size depending on the balance,
2 Moving Average indicators (Fast and Slow).
Description of trading using the two Moving Averages. The EA has 3 trading modes using them:
disabled
— the EA does not use Moving Averages for trading;
direct
— if the Fast MA is above the Slow MA, then opening Buy orders is allowed, if the Fast MA is below the Slow MA, then opening Sell orders is allowed;
reverse
— if the Fast MA is above the Slow MA, then opening Sell orders is allowed, if the Fast MA is below the Slow MA, then opening Buy orders is allowed;
Martingale:
If, when there is a signal to open a trade, the previous trade in the same direction is at a loss, then its lot is doubled, in other words, if there is a signal to buy and the previous buy trade is at a loss, then the new trade will have its lot size doubled from the previous one.
to enable this mode it is necessary to switch the Lot type to the MARTIN mode, the initial lot value is specified in the Lot parameter.
Lot size as a percentage of the balance:
the name speaks for itself — the lot size will vary depending on changes in the value of your balance;
to enable this mode it is necessary to switch the Lot type to the Percent of balance mode, the required value is specified in the Lot size as a percentage of balance parameter, during that the Lot parameter value is not considered,
if the lot size is calculated as lower than the minimum allowed, then the trade is not opened.
