am a trader 2
Info
The am a trader 2 is a Expert Advisor for MetaTrader 5 that 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).
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 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.
What this tool does
checking the trading signal - only at the moment of the birth of a new bar.
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: Professional Automatic Trailing Stop Utility for MetaTrader 5 - another powerful expert for MetaTrader 5 traders.
Also recommended: Professional Margin Requirement Calculator for MetaTrader 5 - similar expert with strong performance on MetaTrader 5.
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
You may also like: KCI N-Matrix Engine: Advanced Trading Framework for MetaTrader 5 - excellent alternative for expert users on MetaTrader 5.
Source Code
яю//+------------------------------------------------------------------+
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "2.000"
#property description "Educational code - RobotFX www.robotfx.org"
#include <Trade\PositionInfo.mqh>
#include <Trade\Trade.mqh>
#include <Trade\SymbolInfo.mqh>
#include <Trade\AccountInfo.mqh>
#include <Trade\DealInfo.mqh>.......
⚠ 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.