EX S R
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 EX S R
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
Description:
EXSR is a counter‑trend Expert Advisor that hunts for market reversals at points of extreme exhaustion. It combines a high‑threshold RSI (oversold < 20 or overbought > 80) with price breakouts beyond Bollinger Bands (20, ±2) and confirms entry on a reversal candlestick pattern.
Key Features:
Dual‑Indicator Filter:
RSI(14):
Detects extreme overbought/oversold conditions.
Bollinger Bands:
Validates that price has pierced the outer band.
Reversal Confirmation:
Long only if the previous candle closes bullish after an oversold band‑break.
Short only if the previous candle closes bearish after an overbought band‑break.
Fixed SL/TP:
User‑defined Stop Loss (default 150 pips) and Take Profit (300 pips) set at order entry.
Single‐Position Logic:
Only one trade per symbol at a time to avoid conflicting positions.
Clean OOP Code:
Uses CTrade for order placement, buffer arrays for indicator data, and modular functions ( CopyData , CheckBuySignal , CheckSellSignal ).
Input Parameters:
MagicNumber (ulong):
Unique EA ID
Lots (double):
Fixed position size
StopLoss_pips / TakeProfit_pips (int):
SL/TP in pips
BB_Period / BB_Deviation (int/double):
Bollinger Bands settings
RSI_Period / RSI_Overbought / RSI_Oversold (int/double):
RSI settings
Ideal for traders seeking systematic counter‑trend entries with clear over‑extension filters and strict risk controls.
