above below ma
Info
The above below ma is a Expert Advisor for MetaTrader 5 that idea by:how it works the expert advisor uses the ima (moving average, ma) indicator. it compares the open price of bar #0 and the moving average values on bars #0 and #1.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use above below 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.
What this tool does
idea by:how it works the expert advisor uses the ima (moving average, ma) indicator.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: mql5 wizard: trading signals with bullish/bearish engulfing and mfi confirmation - another powerful expert for MetaTrader 5 traders.
Also recommended: ma ma c d position averaging - similar expert with strong performance on MetaTrader 5.
idea by:
how it works
the expert advisor uses the ima (moving average, ma) indicator. it compares the open price of bar #0 and the moving average values on bars #0 and #1. if there is already an open position in the direction of the new signal, this signal will be ignored. the expert advisor performs operation on every tick.
signals
buy opening signal
: bar #0 open price is below ma #0
and
the ask price is below ma #0
and
ma #1 is below ma #0.
sell opening signal
: bar #0 open price is above ma #0
and
the bid price is above than ma #0
and
ma #1 is above ma #0.
a position is closed when an opposite signal occurs, i.e. a sell position will be closed upon the emergence of a buy signal.
You may also like: exp af l winner sign - excellent alternative for expert users on MetaTrader 5.
Source Code
/.......
⚠ 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.