Puria method
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. 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 Puria method
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
Idea
by
A trading system based on the Puria method. It uses the fast iMA indicator (Moving Average, MA), two slow iMA indicators (Moving Average, MA) and one iMACD indicator (Moving Average Convergence/Divergence, MACD).
If
Use all ticks
is set to "true", the EA will operate at every tick; if set to "false", the EA will operate only when a new bar appears. The EA opens only one position at a time, therefore it is able to work both on hedging and netting accounts.
The main idea of the method is to open a sell position once the fast MA moves above two slow MAs and a confirmation from MACD is received. In this implementation, the minimum allowable value, by which the fast MA should be greater than slow ones, is used:
Added partial closure, moving to breakeven upon reaching the minimum profit and calculation of initial lot size for a given risk.
When the minimum profit specified in
Minimum profit step
is reached, part of the position is closed - the position volume (shown as
N
in the figure) is multiplied by
Coefficient lot taking
:
EURUSD, M30 Testing:
