Exp Color X2 MA Digit NN3 MM Rec
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 Exp Color X2 MA Digit NN3 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.
Description & Settings
Three independent trading systems using indicators 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. Trading signals are formed when a bar closes if a trend has changed (which is displayed by any of the three indicators changing its color).
The blocks of input EA variables are added for managing volumes of opened positions. For example, for the first system:
In case of such inputs and if the last two trades in one direction were loss-making, the EA opens the next trade in the same direction having the volume of 0.01 lot. If at least one of the two last trades is not loss-making, the position volume is 0.1.
The similar inputs are available for the second trading system:
The C_ prefix is used in the inputs for the third system.
The most optimal option for setting up such an EA is configuring it on each trading system separately disabling other two applying the appropriate switches in the form of the following parameters:
by setting them to false.
For the generated EA to operate correctly, the compiled
ColorX2MA_Digit.ex5
indicator file should be in the
<terminal_data_directory>\MQL5\Indicators
folder.
Default Expert Advisor's input parameters with stops have been used during tests shown below.
Fig. 1. Examples of trades on the chart
Test results for GBPJPY H3, H6 and H12 over the year 2016.
Fig. 2. Test results chart
