MA C D and SA R
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 MA C D and SA R
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
Idea by
: .
MQL5 code by
: .
The EA analyzes
four parameters
:
Value of the main line of
MACD on bar #1
(macd_main_1)
Value of the signal line of
MACD on bar #1
(macd_signal_1)
Value of indicator
SAR on bar #1
(sar_1) relative to price
Bid
(m_symbol.Bid())
These parameters are combined in the basic formula of signals for Buy and Sell:
However, you can optimize the values of signs
<
and
>
in any part of the formula. To do so, for each of signs
<
and
>
, their own variables (InpMoreLessBuy_1, InpMoreLessBuy_2, InpMoreLessBuy_3, InpMoreLessSell_1, InpMoreLessSell_2, and InpMoreLessSell_3) are introduced. With these variables, the basic formula is modified as follows:
The EA itself only operates when a new bar appears. When a signal is received, positions opposite to the signal received will be closed.
When optimizing the formula, it would also be reasonable to optimize the number of positions:
