js-ma-day
Info
The js-ma-day is a Expert Advisor for MetaTrader 5 that this expert advisor (ea) is designed to trade based on the moving average (ma) indicator with a d1 timeframe. Features:- Position Management: The EA can increase positions, but careful configuration is required for the 'close hour' and 'increase timeframe' parameters.
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 js-ma-day
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
This Expert Advisor (EA) is designed to trade based on the Moving Average (MA) indicator with a D1 timeframe.
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: JMA Candle Sign Indicator Trading System - another powerful expert for MetaTrader 5 traders.
This Expert Advisor (EA) is designed to trade based on the Moving Average (MA) indicator with a D1 timeframe.Also recommended: Color3rdGenXMA Expert Advisor - similar expert with strong performance on MetaTrader 5.
Features:
- Position Management: The EA can increase positions, but careful configuration is required for the 'close hour' and 'increase timeframe' parameters. Ensure the 'close hour' is set appropriately for the chosen timeframe.
- Indicator Settings: Set the MA period, horizontal shift, smoothing type, and price type for the D1 timeframe.
- Trade Management: Control stop loss, take profit, trailing stop, position size, and risk percentage.
- Position Limits: Limit the maximum number of open positions with the same magic number.
- Risk Management: Trade with a fixed lot size or dynamically calculate lot size based on risk percentage.
Inputs:
- Increase Positions
- Increase Timeframe
- Max Positions
- Reverse Signals
- Close Hour (set to -1 to disable)
Indicator Inputs:
- MA Period_D1: Averaging period
- MA Period_D1: Horizontal shift
- MA Period_D1: Smoothing type
- MA Period_D1: Price type
Trade Management:
- Stop Loss (in pips)
- Take Profit (in pips)
- Trailing Stop (in pips)
- Trailing Step (in pips)
- Lots (fixed lot size) or Risk (dynamic lot size)
- Magic Number
You may also like: Ultra WP R 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.