55 MA
This professional-grade solution for MetaTrader 5 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 55 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
Idea by
:
The iMA (Moving Average, MA) indicator in this Expert Advisor allows changing the timeframe (
MA: timeframe
), horizontal shift (
MA: horizontal shift
), averaging method (
MA: smoothing type
) and applied price (
MA: type of price
) - i.e. all parameters except the averaging period. The averaging period is provided in the code and is equal to 55 (this number is used in the EA name).
How it works
The EA only operates during a new bar formation. As soon as the current time (only hours, without minutes and seconds) enters the interval from
Start hour
to
End hour
, the Expert Advisor requests data from the indicator. It does not just request data from bar #0 and #1, but it requests data from
Bar number #A
and
Bar number #B
.
Then the values on these two bars are compared: if the difference between them is greater than or equal to
Difference between bars #A and #B
- a position open signal will be generated. The
Reverse signals
function is disabled by default (set to
false
), and the following rules apply to a signal:
A BUY signal: MA(
Bar number #A
) > MA(
Bar number #B
) +
Difference between bars #A and #B
;
A SELL signal: MA(
Bar number #A
) < MA(
Bar number #B
) -
Difference between bars #A and #B
.
If you enable closing of opposite positions (set
Close opposite positions
to
true
), Sell positions will be closed at the final BUY signal and vice versa.
Volume calculation
Position volume can be fixed - in this case it is specified by the
Lots
or calculated based on the Risk parameter (
Lots
must be equal to zero in this case).
How to optimize
You should optimize the EA individually for each symbol and timeframe. Since the EA only performs operations at the new bar formation time, the genetic optimization can be performed in the "1 minute OHLC" tick generation mode.
The figure shows approximate parameter limits for timeframes from M15 to H1:
