Get trend
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. 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 Get trend
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
Attention! The Expert Advisor will only work on the M15 timeframe!
Short-term trends. The Expert Advisor uses two iMA indicators and one iStochastic.
System rules:
Compare the moving averages on the 15-minute and 1-hour chart. Trend exists if price on both charts is above or below the moving average.
Once you have identified the trend, analyze the 15-minute chart for compliance with its two conditions (both of them must be met at the same time):
the price should be no more than 20 points above (to buy) or no more than 20 pips below (to sell) the moving average;
the stochastic line should cross the stochastic line below the stochastic level 20 (to buy) or cross the stochastic line down above the level of 80 (to sell).
Calculating parameters:
Buy condition:
Sell condition:
EURUSD,M15, c 2016.01.01 по 2017.02.06:
