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Angry Bird (Scalping)
Info
The Angry Bird (Scalping) is a Expert Advisor for MetaTrader 5 that it uses the icci(cci, commodity channel index), irsi(rsi, relative strength index) indicators. Recommended timeframe is H1.
Usage
This tool is typically used for scalping on lower timeframes (M1-M15).
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 Angry Bird (Scalping)
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
It uses the iCCI(CCI, Commodity Channel Index), iRSI(RSI, Relative Strength Index) indicators.
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: Firebird - another powerful expert for MetaTrader 5 traders.
It uses the iCCI(CCI, Commodity Channel Index), iRSI(RSI, Relative Strength Index) indicators.
Recommended timeframe is H1.
Expert Advisor inspired by Ilan 1.6.
Also recommended: Random Trader with Customizable Risk/Reward Ratio, Break-Even - similar expert with strong performance on MetaTrader 5.
The EA with functions very sensitive to price movement, equipped with various tools:stop trading at a certain decrease in equity;
trailing stop;
equity risk management;
use of a timeout;
hours for opening maximum deals and others.
Rule: use a pair with minimum spread. For example, use EURUSD with the 1-minute timeframe.
Good luck!
You may also like: Day Trading PA M X A - excellent alternative for expert users on MetaTrader 5.
⚠ 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.