exp color ma rsi-trigger mm rec duplex
Info
The exp color ma rsi-trigger mm rec duplex is a Expert Advisor for MetaTrader 5 that two identical trading systems (for long and short deals) based on the indicator signals that can be configured in different ways within a single ea with an ability to change the volume of a forthcoming trade depending on the results of the previous trades for this trading system. this ea was obtained by further complicating the trading system to change the volumes of the positions to be opened.
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 exp color ma rsi-trigger mm rec duplex
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 identical trading systems (for long and short deals) based on the indicator signals that can be configured in different ways within a single ea with an ability to change the volume of a forthcoming trade depending on the results of the previous trades for this trading system.
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: Exp MA RSI-Trigger Expert Advisor - another powerful expert for MetaTrader 5 traders.
two identical trading systems (for long and short deals) based on the indicator signals that can be configured in different ways within a single ea with an ability to change the volume of a forthcoming trade depending on the results of the previous trades for this trading system. this ea was obtained by further complicating the trading system to change the volumes of the positions to be opened.
Also recommended: Exp Color BB Candles Expert Advisor - similar expert with strong performance on MetaTrader 5.
for this purpose, the blocks of the ea's input parameters have been added:and
in case of such inputs and when selecting from the last five trades, three of which are loss-making in a single direction, the ea opens the next trade in the same direction having the volume of 0.01 lot. if there are less than three loss-making trades out of the last five ones, the position volume is 0.1.
for the ea to operate, the compiled file of indicator
colormarsi-trigger.ex5
should be in the <terminal_data_directory>\mql5\indicators.
default expert advisor's input parameters were used during the tests shown below. stop loss and take profit were not used during the tests.
fig1. sample deals on the chart with symmetrical settings.
test results for audusd h6 over the year 2016:
fig. 2. testing results chart.
You may also like: Exp Color X2 MA-Parabolic Indicator - 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.