Aegis Quantum Lite
Info
The Aegis Quantum Lite is a Expert Advisor for MetaTrader 5 that aegis quantum lite is a free educational expert advisor for metatrader 5. It offers a simple completed-candle trend-entry method and an on-chart dashboard in a single, commented MQ5 source file.
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 Aegis Quantum Lite
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
Aegis Quantum Lite is a free educational Expert Advisor for MetaTrader 5.
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: quantum xauusd silver trader - another powerful expert for MetaTrader 5 traders.
Aegis Quantum Lite is a free educational Expert Advisor for MetaTrader 5. It offers a simple completed-candle trend-entry method and an on-chart dashboard in a single, commented MQ5 source file.Also recommended: prime quantum ai: ai-powered trading with metatrader 5 - similar expert with strong performance on MetaTrader 5.
Entry logic
Buy conditions:
- Fast EMA above Slow EMA.
- RSI above the configured Buy level.
- Spread within the maximum limit.
- No existing position on the chart symbol.
- A new completed candle.
Sell conditions:
- Fast EMA below Slow EMA.
- RSI below the configured Sell level.
- Spread within the maximum limit.
- No existing position on the chart symbol.
- A new completed candle.
Default parameters:
- FastEMA: 9
- SlowEMA: 21
- RSIPeriod: 14
- BuyRSILevel: 48
- SellRSILevel: 52
- FixedLot: 0.01
- MaximumSpreadPoints: 50
- StopLossPoints: 500
- TakeProfitPoints: 500
- OneEntryPerCandle: true
Dashboard
The dashboard, in black and gold, shows the symbol, timeframe, completed-candle EMA values, RSI, spread, current signal, and trading status.
Safety and execution behavior
- Utilizes a fixed lot size; no martingale or grid.
- Prevents entries if another position exists on the symbol.
- Checks terminal and account trading permissions.
- Verifies free margin before placing an order.
- Executes OrderCheck before OrderSend.
- Adapts to the filling mode supported by the symbol.
- Employs optional Stop Loss and Take Profit distances.
Suggested use
Attach the EA to a chart after testing in the MetaTrader 5 Strategy Tester. M5 is recommended, but other timeframes are supported. Broker conditions may vary.
Risk notice
This code is for educational use. Trading FX, metals, and CFDs carries risk. Historical tests don't guarantee future performance. Test on a demo account and choose position sizes based on your risk tolerance.
You may also like: quantum gold silver trader - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.00"
#property description "This code is educational. Feel free to use, modify and upgrade as you wish. Visit ROBOTFX.ORG for professional trading tools"
#property strict
input group "Entry Settings"
input int FastEMA=9;
input int SlowEMA=21;
input int RSIPeriod=14;
input double BuyRSILevel=48.0;.......
⚠ 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.