BS S 1 0
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 BS S 1 0
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
Idea by
: .
MQL5 code by
: .
The EA works with three Moving Average indicators. These three indicators, i.e., the "First", the "Second", and the "Third", have ascending average periods: 5, 25, and 125, respectively. At the same time, the EA is protected by a security mechanism that monitors exactly this manner of averaging, i.e., the ascending one.
To get a signal, it is necessary that the indicators arrange one above another (or one under another). Which is most important, they must be at the minimum distance from each other:
Minimum distance between MA's
.
At the same time, the opening signals are formed as follows:
You can also enable limits for the number of positions in the market (
Maximum quantity of positions
). For example, if you set the value of "1", then you can even run this EA on netting accounts. The volume of positions is set in the
Lots
parameter.
Testing on H1 from 2017.06.16 to 2018.04.25:
A single test for EURCAD on H1 from 2017.06.16 to 2018.04.25:
