A simple RK D Expert Advisor based on a specified custom RK D indicator
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. 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 A simple RK D Expert Advisor based on a specified custom RK D indicator
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 is a simple Expert Advisor using a specified custom RKD indicator.
The code describes how a specified custom RKD indicator can be used in MetaTrader 5 Expert Advisor.
The better results for EUR/USD, GBPUSD - 30mins, 1H and 2H timeframes.
Tested Result:
Strategy Tester Report
autoRKD_EA
MetaQuotes-Demo (Build 286)
Settings:
Symbol: GBPUSD (Great Britain Pound vs US Dollar) Period: H1(2010.06.01 - 2010.07.12) Inputs: Lots=0.100000; SL=0; TP=0; MAGIC=666; KDPeriod=30; M1=3; M2=6 Initial Deposit: 3 000.00 USD
Results:
Bars: 358 Ticks: 1021990 Total Net Profit: 228.06 Gross Profit: 1 139.65 Gross Loss: 911.59 Profit Factor: 1.25 Expected Payoff: 4.39 Recovery Factor: 0.72 Sharpe Ratio: 4.69 Balance Drawdown: Absolute: 200.89 Maximal: 224.35 (7.33%) Relative: 7.33% (224.35) Equity Drawdown: Absolute: 242.10 Maximal: 316.03 (10.12%) Relative: 10.12% (316.03) Total Trades: 52 Short Positions (won %): 27 (33.33%) Long Positions (won %): 25 (60.00%) Profit Trades (% of total): 24 (46.15%) Loss trades (% of total): 28 (53.85%) Largest profit trade: 135.50 loss trade: -102.00 Average profit trade: 47.49 loss trade: -32.56 Maximum consecutive wins ($): 3 (232.18) consecutive losses ($): 4 (-126.40) Maximal consecutive profit (count): 232.18 (3) consecutive loss (count): -192.20 (3) Average consecutive wins: 2 consecutive losses: 2
