EA RS I MA
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 EA RS I MA
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
This EA is based on the indicator . EA designed for EURUSD, D1.
Testing results:
Symbol EURUSD (Euro vs. United States Dollar)
Period: Daily (D1) 2010.01.04 00:00 - 2010.09.24 00:00 (2010.01.02 - 2010.09.25) Model: Every tick (the most precise method based on all available least timeframes) Bars in test: 1191 Ticks modelled: 1694427 Modelling quality: 90.00% Mismatched charts errors: 59 Initial deposit: 10000.00 Total net profit: 1991.46 Gross profit: 2992.70 Gross loss: -1001.24 Profit factor: 2.99 Expected payoff:132.76 Absolute drawdown:218.14 Maximal drawdown:782.92 (7.28%) Relative drawdown: 7.28% (782.92) Total trades:15 Short positions (won %) 7 (57.14%) Long positions (won %) 8 (25.00%) Profit trades (% of total) 6 (40.00%) Loss trades (% of total) : 9 (60.00%) Largest profit trade 999.00 loss trade -203.84 Average profit trade 498.78 loss trade -111.25 Maximum consecutive wins (profit in money) 3 (1692.11) consecutive losses (loss in money) 3 (-313.12) Maximal consecutive profit (count of wins) 1692.11 (3) consecutive loss (count of losses) -331.84 (2) Average consecutive wins 2 consecutive losses 2
