puria method
Info
The puria method is a Expert Advisor for MetaTrader 5 that ideabya trading system based on the puria method. it uses the fast ima indicator (moving average, ma), two slow ima indicators (moving average, ma) and one imacd indicator (moving average convergence/divergence, macd).
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 puria method
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
ideabya trading system based on the puria method.
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: expert advisor for the puria method forex strategy - another powerful expert for MetaTrader 5 traders.
idea
by
a trading system based on the puria method. it uses the fast ima indicator (moving average, ma), two slow ima indicators (moving average, ma) and one imacd indicator (moving average convergence/divergence, macd).
Also recommended: ma-shift puria method - similar expert with strong performance on MetaTrader 5.
ifuse all ticks
is set to "true", the ea will operate at every tick; if set to "false", the ea will operate only when a new bar appears. the ea opens only one position at a time, therefore it is able to work both on hedging and netting accounts.
the main idea of the method is to open a sell position once the fast ma moves above two slow mas and a confirmation from macd is received. in this implementation, the minimum allowable value, by which the fast ma should be greater than slow ones, is used:
added partial closure, moving to breakeven upon reaching the minimum profit and calculation of initial lot size for a given risk.
when the minimum profit specified in
minimum profit step
is reached, part of the position is closed - the position volume (shown as
n
in the figure) is multiplied by
coefficient lot taking
:
eurusd, m30 testing:
You may also like: tunnel method - 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.