AM A Trader 2
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 AM A Trader 2
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
Checking the trading signal - only at the moment of the birth of a new bar.
When generating a trading signal, the Expert Advisor considers two indicators: iAMA (Adaptive Moving Average, AMA) and iRSI (Relative Strength Index, RSI). The signal itself is created in two steps. On the example of the "Open Buy" signal:
Step 1: RSI Must be below level 30 (this level in the EA is set in the parameter
RSI Level Down
). Step 2: The price must overcome the AMA indicator. To search for the optimal combination of two indicators, the
Step Length
parameter is introduced - distance in bars between Step 1 and Step 2.
Martingale
When a trading order is received, we separately request profit for BUY positions and SELL positions. If a trade order is received:
"Open Buy"
if profit on BUY positions is less than 0.0 - open two BUY positions
otherwise open one BUY position
"Open Sell"
if profit on SELL positions is less than 0.0 - open two SELL positions
otherwise open one SELL position
