expotest
Info
The expotest is a Expert Advisor for MetaTrader 5 that the ea uses the indications of sar for making trading decisions. if the ask price is higher than the indicator values, we assume buying; if it is lower, then selling.
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 expotest
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
the ea uses the indications of sar for making trading decisions.
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: doji arrows - another powerful expert for MetaTrader 5 traders.
the ea uses the indications of sar for making trading decisions. if the ask price is higher than the indicator values, we assume buying; if it is lower, then selling.
Also recommended: channel ea2 - similar expert with strong performance on MetaTrader 5.
settingstimeframes
- selecting the chart timeframe for signals from the indicator;
sl
- stop loss level;
tp
- take profit level;
volume
- volume of orders; if it is 0, the volume will be defined automatically according to the risk setting;
risk
- risk setting in percents; it runs at volume = 0;
magic
- identifier of the ea's orders;
slippage
- the maximum allowed slippage;
step
- price changing step - acceleration factor, for indicator sar;
maximum
- maximum step, for indicator sar.
You may also like: trade signals based on 3 black crows/3 white soldiers reversal patterns with rsi confirmation - 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.