RS I MA EA
This professional-grade solution for MetaTrader 4 helps traders achieve greater efficiency in their daily workflow. 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 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.
Description & Settings
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.
