EA MA R S I
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. 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 EA MA R S I
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
The Expert Advisor is based on indicator.
Buy signal: upward crossover of the fast line, sell signal: downward crossover of the fast line.
The EA has lot increasing option, which depends on the deposit/max.drawdown ratio.
Testing result (EURUSD, H1):
Without lot increasing option, every tick, from 2009 (1_eurusd_h1.set)
With lot increasing option, every tick, from 2009. (2_eurusd_h1.set):
Testing with 1.000$ initial deposit and lot=0.1 (3_eurusd_h1):
When using of lot increasing option (use_Multpl = true) it's recommended to test it without lot increasing. The resulted maximum drawdown can be set to Max_drawdown input parameter
Result: $600 000 with $10 000 initial deposit with lot=1.0.
