lego ea
Info
The lego ea is a Expert Advisor for MetaTrader 5 that the expert advisor combines signals from several indicators:icci (commodity channel index, cci)ima (moving average, ma)istochastic (stochastic oscillator)iac (acceleration/deceleration, accelerator/decelerator oscillator, ac)idemarker (demarker, dem)iao (awesome oscillator, ao)or uses only one of the indicators. you can combine conditions: use entry signals from one indicator, while using exit signals from another.
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 lego ea
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 combines signals from several indicators:icci (commodity channel index, cci)ima (moving average, ma)istochastic (stochastic oscillator)iac (acceleration/deceleration, accelerator/decelerator oscillator, ac)idemarker (demarker, dem)iao (awesome oscillator, ao)or uses only one of the indicators.
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: Trade Signals Based on Bullish/Bearish Harami Candlestick Patterns Confirmed by MFI Indicator using MQL5 Wizard - another powerful expert for MetaTrader 5 traders.
Also recommended: list positions - similar expert with strong performance on MetaTrader 5.
the expert advisor combines signals from several indicators:icci (commodity channel index, cci)
ima (moving average, ma)
istochastic (stochastic oscillator)
iac (acceleration/deceleration, accelerator/decelerator oscillator, ac)
idemarker (demarker, dem)
iao (awesome oscillator, ao)
or uses only one of the indicators.
you can combine conditions: use entry signals from one indicator, while using exit signals from another. for example,
cci: use cci to open
is responsible for using cci entry signals, while
cci: use cci to close
applies cci indicator for closing. the principle is the same for other indicators.
lot size management
if the
multiply a lot if the last deal was unprofitable
ratio parameter is not equal to "1.0", while the previous position was closed with a loss, the lot of the loss-making position is increased by this ratio.
You may also like: exp i-cai st dev - 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.