sa r ma c d ea
Info
The sa r ma c d ea is a Expert Advisor for MetaTrader 4 that so far this expert is based on a 15 min bar or candle chart, so the macd is used as early indication of direction. the focus is on the parabolic sar as first signal to indicate a buy or sell secondly it looks where the closed of bar or candle indicated on the chart if the third candle back was below sma and previous candle closed was above sma and sar flipped below the price.
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 sa r ma c d 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
so far this expert is based on a 15 min bar or candle chart, so the macd is used as early indication of direction.
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.
so far this expert is based on a 15 min bar or candle chart, so the macd is used as early indication of direction. the focus is on the parabolic sar as first signal to indicate a buy or sell secondly it looks where the closed of bar or candle indicated on the chart if the third candle back was below sma and previous candle closed was above sma and sar flipped below the price. that constitute as a buy signal, if macd shows bullish move and sar flipped below price but previous candle close (close[1]) is still below the sma it waits for 5 candles window for price to close above the sma.be low is examples of the idea
the idea is that as soon as the candle close below the sma the 3rd candle should be above the sma and within that time frame the sar should also flipped above the price, by this time macd confirms either at the same time or few candles back a bearish move.
this picture shows a buy
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.