PA Oscillator Expert Advisor
Info
The PA Oscillator Expert Advisor is a Expert Advisor for MetaTrader 5 that trading system based on the signals of the pa oscillator indicator. The signal is generated when a bar is closing, provided that the indicator has broken through the zero level and the histogram has changed its color.
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 PA Oscillator Expert Advisor
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
Trading system based on the signals of the PA Oscillator indicator.
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: VPS Toolkit: Secure Order Sending and Restart-Safe State for Expert Advisors - another powerful expert for MetaTrader 5 traders.
Trading system based on the signals of the PA Oscillator indicator.Also recommended: Automated Live Testing for Expert Advisors on Demo Accounts - similar expert with strong performance on MetaTrader 5.
The signal is generated when a bar is closing, provided that the indicator has broken through the zero level and the histogram has changed its color.This Expert Advisor requires the compiled indicator file pa_oscillator.ex5 to be present in the <terminal_data_folder>\mql5\indicators directory.
The tradealgorithms.mqh library file enables the use of Expert Advisors with brokers who offer non-zero spreads and allow setting stop loss and take profit simultaneously with position opening.
Default Expert Advisor input parameters were used during the tests.
Stop loss and take profit were not utilized during the tests.
Example trades on the chart.
Testing results for 2014 on USDJPY H8:
Chart of testing results.
You may also like: Programmatically Attach Expert Advisors with Custom Inputs to MetaTrader 5 Charts - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#include <smoothalgorithms.mqh>
enum applied_price_ //
{
price_close_ = 1, //close
price_open_, //open
price_high_, //high
price_low_, //low.......
⚠ 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.