forex profit
Info
The forex profit is a Expert Advisor for MetaTrader 5 that the expert advisor uses parabolic sar and three emas (with the periods of 10, 25 and 50). the algorithm of trading strategy:1.
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 forex profit
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 expert advisor uses parabolic sar and three emas (with the periods of 10, 25 and 50).
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: Simple EMA Cross Expert Advisor with Stop Loss, Take Profit, and Magic Number - another powerful expert for MetaTrader 5 traders.
Also recommended: expert advisor for the puria method forex strategy - similar expert with strong performance on MetaTrader 5.
the expert advisor uses parabolic sar and three emas (with the periods of 10, 25 and 50).the algorithm of trading strategy:
1. open a h1 chart of eurusd, lots 0,1.
2. draw parabolic sar and three exponential moving averages with periods 10, 25, 50.
a buy signal: Еma with the period of 10 crosses ЕМА 25 and 50 from bottom upwards, while parabolic sar is below the price.
a sell signal: Еma with the period of 10 crosses ЕМА 25 and 50 from top downwards, while parabolic sar is above the price.
exit:
1. by stop loss2. by take profit3. when the ЕМА 10 line turns the opposite direction (if we have a buy position, close where the ЕМА10 top was formed, for sell - where bottom is formed), with a minimum profit. the values of stop loss and take profit for buy and sell trades will be different.
testing results on eurusd, h1 from 2016.06.28 to 2016.12.16, initial deposit - $3000:
You may also like: 20/200 pips: a simple and profitable expert advisor - 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.