3sma
This tool for MetaTrader 5 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 3sma
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
The EA is based on three iMA (Moving Average, MA) indicators using the MODE_SMA averaging method (Simple averaging). It works on every tick.
Signal for opening a BUY position
"MA 1", "MA 2" and "MA 3" indicator values are taken from the bar #0.
"MA 1" is above "MA 2" by
MA's spread
points, while "MA 2" indicator is above "MA 3" by
MA's spread
points:
Signal for opening a SELL position
"MA 1", "MA 2" and "MA 3" indicator values are taken from the bar #0.
"MA 1" indicator is below "MA 2" by
MA's spread
points, while "MA 2" is below "MA 3" by
MA's spread
points.
Limitations for position opening
If at the moment, there are BUY positions opened by this EA, then the BUY signal is ignored. The same is done with the SELL signal.
Closing Positions
"MA 1" and "MA 2" indicator values are taken from the bar #0.
If "MA 1" is less than "MA 2" for the half of
MA's spread
→ close BUY position;
If "MA 1" is above "MA 2" for the half of
MA's spread
→ close SEll position.
