exp color schaff jj r s x trend cycle mm rec duplex
Info
The exp color schaff jj r s x trend cycle 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. for this purpose, all input parameters can be divided into two large groups:those having names starting with l are input parameters to manage long positions;those starting with s are input parameters to manage short positions.
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 color schaff jj r s x trend cycle 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 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: Exp Color BB Candles 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. for this purpose, all input parameters can be divided into two large groups:
Also recommended: Exp Color X2 MA-Parabolic Indicator - similar expert with strong performance on MetaTrader 5.
those having names starting with l are input parameters to manage long positions;
those starting with s are input parameters to manage short positions.
these two trading systems use different magic number and are absolutely independent on each other. real financial markets are rarely symmetric. absolutely different parameters of the same trading system are often needed for trading in the rising and falling market. to properly configure the ea, you should first test only one trading system, having disabled the second one using relevant switches.
upon that, perform the same for the second system.
the blocks of the expert advisor inputs have been added for managing volumes of opened positions:
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
jjrsx.ex5
and
colorschaffjjrsxtrendcycle.ex5
indicators' files should be in <terminal_data_directory>\mql5\indicators.
default expert advisor's input parameters have been used during tests shown below. stop loss and take profit have not been used during the tests.
fig. 1. examples of deals on the chart with symmetrical settings
testing results for 2017 at euraud h8:
fig. 2. testing results chart
fig. 3. examples of deals on the chart with non-symmetrical settings
You may also like: Expert Color Non-Lag Dot MA CD - 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.