Crossing of two i MA
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 Crossing of two i MA
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
Added:
The call to iMA has been replaced by a call to iCustom . In the tester (in the visual mode) or when attached to a chart, the EA visualizes the Moving Average indicators in different colors:
Crossover of two iMAs (Moving Averages), one more iMA (Moving Average) is used as the filter.
Position
Lot
calculation: manually or risk percent of balance.
Trading method: Stop, Market or Limit orders. The EA also sets Stop Loss, Take Profit, Trailing Stop.
Input parameters: (additions are highlighted)
"Parameters of the first Moving Average"
Period of the first Moving Average
Shift of the first Moving Average
Method of the first Moving Average
Color of the first Moving Average
"Parameters of the second Moving Average"
Period of the second Moving Average
Shift of the second Moving Average
Method of the second Moving Average
Color of the second Moving Average
"Parameters of the Third Moving Average"
Third indicator Moving Average - filter
Period of the third Moving Average
Shift of the third Moving Average
Method of the third Moving Average
Color of the third Moving Average
"Parameters of Money Management"
true -> lot is manual, false -> percentage of risk from balance
Lots (use only if lot size is manual)
"Parameters of trading"
Risk in percent for a deal from balance
(in pips) <0 -> Stop orders, =0 -> Market, >0 -> Limit orders
Stop Loss (in pips)
Take Profit (in pips)
Trailing Stop ("0" -> not trailing)
Trailing Step (use if Trailing Stop >0)
Magic number
Slippage
