arttrader 5
Info
The arttrader 5 is a Expert Advisor for MetaTrader 5 that the ea uses the ima indicator (moving average, ma) and analyzes the last six bars. inputshow many lots to deal with (may be less than one) the period for the averager check for too-big candlesticks (avoid them) check for pairs of big candlesticks a smart stop-loss the trade's stop loss in case of program error the trade's take profit the minimum ema slope to enter a trade the maximum ema slope to enter a trade wait this long to determine candlestick lows/highs (begin) wait this long to determine candlestick lows/highs (end) an allowance between the close and low/high price (begin) an allowance between the close and low/high price (end) if the previous volume is not above this, exit the trade a strange but functional imaginary spread adjustment magic number test for eurusd h1:.
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 arttrader 5
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
the ea uses the ima indicator (moving average, ma) and analyzes the last six bars.
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: escape - another powerful expert for MetaTrader 5 traders.
the ea uses the ima indicator (moving average, ma) and analyzes the last six bars.
inputs
how many lots to deal with (may be less than one)
Also recommended: ma trend - similar expert with strong performance on MetaTrader 5.
the period for the averagercheck for too-big candlesticks (avoid them)
check for pairs of big candlesticks
a smart stop-loss
the trade's stop loss in case of program error
the trade's take profit
the minimum ema slope to enter a trade
the maximum ema slope to enter a trade
wait this long to determine candlestick lows/highs (begin)
wait this long to determine candlestick lows/highs (end)
an allowance between the close and low/high price (begin)
an allowance between the close and low/high price (end)
if the previous volume is not above this, exit the trade
a strange but functional imaginary spread adjustment
magic number
test for eurusd h1:
You may also like: sa r rs i mt s - excellent alternative for expert users on MetaTrader 5.
Source Code
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⚠ 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.