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firebird
Info
The firebird is a Expert Advisor for MetaTrader 5 that idea by:. mql5 code by:.
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 firebird
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
idea by:.
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: up3x1 investor - another powerful expert for MetaTrader 5 traders.
idea by
: .
mql5 code by
: .
the ea trades on the ima (moving average, ma) indicator. at the same time, there is a parameter (defined in percents)
Also recommended: x1 - similar expert with strong performance on MetaTrader 5.
distance between "ma" and the price- the indicator indent from price. before sending a trade order, it checks how much time has elapsed since opening the last position: if fewer than two periods (timeframes) have elapsed, then the position will not be opened.
inputs
lots
- the size of the position to be opened;
stop loss (in pips) (do not use "0")
- stop loss; setting the value of "0" is prohibited;
take profit (in pips) (do not use "0")
- take profit; setting the value of "0" is prohibited;
ma: averaging period
- indicator averaging period;
ma: horizontal shift
- indicator horizontal shift;
ma: smoothing type
- the type of indicator averaging;
ma: type of price
- the type of indicator price;
distance between "ma" and the price (as a percentage)
- indicator distance from price, in percents;
trade on friday
- enable trading on friday;
step: distance between positions (in pips)
- step between positions;
increase in a step depending on quantity of positions
- scale up the step with the increse in the number of positions;
magic number
- unique identifier for the ea.
a test sample for all symbols on h1 with the default parameters:
You may also like: serial ma ea - 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.