JS SIS T E M 2
This tool for MetaTrader 5 is specifically engineered to streamline your trading operations. 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 JS SIS T E M 2
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
The Expert Advisor uses three iMAs (Moving Average, MA), one iOsMA (Moving Average of Oscillator and one iRVI (Relative Vigor Index, RVI). The EA can use either a fixed lot or a lot calculated as a risk percent of free margin. It can apply Trailing Stop based on the High/Low of earlier bars. It only works on a new bar, i.e. at the moment of formation of a new bar.
Input Parameters
Trade setting
- main trading settings:
The minimum balance. If less - then close the expert advisor
- minimum allowable balance;
Lots (if "Lots" <=0.0 -> then the "Risk" parameter is used)
- fixed lot value;
Stop Loss (in pips)
- Stop Loss value;
Take Profit (in pips)
- Take Profit value;
Risk in percent for a deal from a free margin (if "Lots" <=0.0)
- risk per trade as percent of free margin;
Volatility (in bars)
- the number of bars to search for High and Low;
magic number
- Expert Advisor identifier.
Moving Average settings
:
Minimum difference between Moving Average indicators
- the minimum distance between indicators
Moving Average #1: averaging period
Moving Average #2: averaging period
Moving Average #3: averaging period
OsMA settings
:
OsMA: period for Fast Moving Average
OsMA: period for Slow Moving Average
OsMA: averaging period for their difference
RVI settings
:
RVI: averaging period
RVI max value
RVI min value
Trailing on shadows of bars
- the trailing stop function based on bar shadows:
Trailing Shadows
- enable/disable trailing based on shadows;
Timeframe
- the timeframe of bars for the trailing function;
Indent from the shadow of the bar on which the stop loss is placed
- additional indent.
An example of testing on EURUSD, H1, with the trailing stop based on M5 shadows:
