Improve
Info
The Improve is a Expert Advisor for MetaTrader 5 that the expert advisor (ea) operates by searching for position opening conditions on new bars, executing operations as new bars emerge. Virtual profit is monitored on every tick.
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 Improve
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 (EA) operates by searching for position opening conditions on new bars, executing operations as new bars emerge.
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: EXP_IBS_RSI_CCI_V4_X2 Trend Following Trading System - another powerful expert for MetaTrader 5 traders.
The Expert Advisor (EA) operates by searching for position opening conditions on new bars, executing operations as new bars emerge. Virtual profit is monitored on every tick.Also recommended: tick data recorder - similar expert with strong performance on MetaTrader 5.
When the EA identifies a position opening condition on the base symbol it is running on, it simultaneously opens two positions: one on the base symbol and another on the hedge symbol.
For instance, when launched on the USDJPY symbol with USDCHF as the hedge symbol:
Input Parameters:
- Lots: Position volume for each symbol.
- Virtual Profit (in money): Profit target (in monetary value) to close all positions.
- Hedge Symbol: The secondary symbol.
Fast Moving Average Parameters:
- MA Fast: Averaging period.
- MA Fast: Horizontal shift.
- MA Fast: Smoothing type.
- MA Fast: Type of price.
Slow Moving Average Parameters:
- MA Slow: Averaging period.
- MA Slow: Horizontal shift.
- MA Slow: Smoothing type.
- MA Slow: Type of price.
RSI Parameters:
- RSI: Averaging period.
- RSI: Type of price.
- Magic Number: A unique identifier for the EA.
You may also like: trailing stop by fixed parabolic sa r - 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.