exp bykov trend color x2 ma mm rec
Info
The exp bykov trend color x2 ma mm rec is a Expert Advisor for MetaTrader 5 that two independent trading systems using indicators and within one ea, with an option of changing the size of the future trade depending on the results of the previous ones. signals to open trades by trading systems are formed when a bar is closing, if the trend has changed, displayed through changing the color of any of those two indicators.
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
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 exp bykov trend color x2 ma mm rec
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
two independent trading systems using indicators and within one ea, with an option of changing the size of the future trade depending on the results of the previous ones.
Typical Use Case
This Expert Advisor excels in trend following 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: Steep MA Trend EA - another powerful expert for MetaTrader 5 traders.
two independent trading systems using indicators and within one ea, with an option of changing the size of the future trade depending on the results of the previous ones. signals to open trades by trading systems are formed when a bar is closing, if the trend has changed, displayed through changing the color of any of those two indicators.
Also recommended: Super Trend Trading EA - similar expert with strong performance on MetaTrader 5.
to manage the volumes of the positions to be opened, the blocks of the ea inputs were added. for example, in the system using indicator bykovtrend:with such inputs and if there are two last trades within the same trading direction, the ea will open the next trade in the same direction with the lot size of as little as 0.01. should at least one of two last trades be non-losing, then the position volume will be 0.1.
inputs for the trading system using colorx2ma are absolutely the same:
for the generated ea to operate correctly, the compiled files of indicators
bykovtrend_v2.ex5
and
colorx2ma.ex5
must be in the
<terminal_data_directory>\mql5\indicators
folder.
in testing shown below, the ea's default inputs were used with stops.
fig 1. exemplary trades in the chart
test results for gbpjpy h2 over the year 2016:
fig. 2. testing results chart
You may also like: adx trend pullback ea: trend strength and volatility-based trading - excellent alternative for expert users on MetaTrader 5.
Source Code
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⚠ 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.