rs i ma ea
Info
The rs i ma ea is a Expert Advisor for MetaTrader 4 that what i have is an ea working from 2000, but it is not optimized. the ea works by moving average trend and rsi signals at overbought & oversold areas.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use rs i ma 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.
What this tool does
what i have is an ea working from 2000, but it is not optimized.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.
Description & Settings
Related: Quantora Trade Manager MT4: Advanced Position Management for MetaTrader 4 - another powerful expert for MetaTrader 4 traders.
Also recommended: Quantora Break Even Manager MT4 - Professional Automatic Break Even Utility - similar expert with strong performance on MetaTrader 4.
what i have is an ea working from 2000, but it is not optimized.the ea works by moving average trend and rsi signals at overbought & oversold areas. it doesn't have targets but instead closes with soonest profits, so it's purpose is to always win. the inputs include money management and indicator settings; the signals occur when the rsi is in overbought or oversold and price has moved above or below moving average price.
v1 is tested and working on the following pairs & timeframes from
2000.01.01 - 2018.06.30
with
tick data suite
and
500.00
:
eurusd: d1 - h4 - h1 - m30 - m5 (spread of 4)
gbpusd: h1 - m30 - m5 (spread of 6)
usdchf: d1 - h1 (spread of 6)
usdjpy: h4 - m30 - m15 (spread of 6)
audusd: h4 - m30 (spread of 5)
usdcad: d1, h4 - h1 - m30 (spread of 5)
nzdusd: d1 - h4 - m30 - m15 - m5 (spread of 6)
gbpjpy: d1 - h4 - h1 - m30 - m15 - m5 - m1 (spread of 8)
usdsgd: d1 - h4 - m15 (spread of 8)
audcad: d1 - h1 - m30 - m15 (spread of 8)
possibly more ..
v1 tends to have trades open for extended periods of time and on higher timeframes especially.
v2 manages volume and uses lots of margin so it means you need a high leverage to minimize drawdown.
be sure to use low spread & commission and test with the best data as always.
You may also like: Quantora Trailing Stop Manager: Automatic Stop Loss for MT4 - excellent alternative for expert users on MetaTrader 4.
Source Code
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⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.