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em a rs i ri s k-ea
Info
The em a rs i ri s k-ea is a Expert Advisor for MetaTrader 5 that this expert advisor (ea) is based on a trend-following and momentum confirmation strategy using two exponential moving averages (fast ema and slow ema) together with the relative strength index (rsi). buy signal: fast ema crosses above slow ema and rsi is above a defined threshold.
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 em a rs i ri s k-ea
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
this expert advisor (ea) is based on a trend-following and momentum confirmation strategy using two exponential moving averages (fast ema and slow ema) together with the relative strength index (rsi).
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: j master rs i - another powerful expert for MetaTrader 5 traders.
this expert advisor (ea) is based on a trend-following and momentum confirmation strategy using two exponential moving averages (fast ema and slow ema) together with the relative strength index (rsi).
Also recommended: vortex indicator system - similar expert with strong performance on MetaTrader 5.
buy signal
: fast ema crosses above slow ema and rsi is above a defined threshold.
sell signal
: fast ema crosses below slow ema and rsi is below a defined threshold.
risk management
: the ea calculates lot size dynamically according to account balance and risk percentage. it sets stop loss and take profit automatically.
trading window
: optional time filter allows trading only during specified hours.
the code is fully written in mql5 and can be attached to any chart. users can adjust the parameters for emas, rsi, risk, lot size, stop loss/take profit levels, and trading hours to fit their own strategy.
recommended symbol and timeframe:
eurusd, h1 (works on other pairs and timeframes with parameter adjustment).
parameters:
fastema / slowema
→ define moving averages.
rsiperiod / rsi_buy / rsi_sell
→ rsi settings.
riskpercent
→ % of account balance to risk per trade.
stoploss / takeprofit
→ in points.
starthour / endhour
→ trading time filter.
You may also like: Trading Panel EA - Enhanced Trade Management - excellent alternative for expert users on MetaTrader 5.
Source Code
яю//+------------------------------------------------------------------+
#property strict
#include <Trade/Trade.mqh>
CTrade trade;
input int FastEMA = 12;
input int SlowEMA = 26;
input int RSIPeriod = 14;
input int RSI_Buy_Thresh = 55;
input int RSI_Sell_Thresh = 45;
input double RiskPercent = 1.0; // % of equity per trade.......
⚠ 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.