MAM A C D
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. 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 MAM A C D
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
Two main iMA (Moving Average, MA) indicators with periods 85 and 75 are calculated using Low prices, the third iMA (Moving Average, MA) with the period 5 is calculated based on Close prices.
A position is opened when the fast iMA (Moving Average, MA) with period 5 crosses both slow iMAs. An additional factor is MACD's position above zero for an up trade, or its growth.
Two MAs are needed for visual trading. A small take profit is used, 15-20 points depending on currency volatility. Someone might say that this is a too small amount. But if you trade a large lot on multiple pairs, the results can be very good. The stop loss of 10-15 points is rarely hit.
Testing results for the last year (from 2017.01.01 to 2017.10.31) at the M15 timeframe:
The positive result was only obtained for USDJPY.
Results of testing for the last year (from 2017.01.01 to 2017.10.31) at the H1 timeframe:
