Rabbit M2
Info
The Rabbit M2 is a Expert Advisor for MetaTrader 5 that the rabbit m2 indicator determines the trend on the zero bar based on two moving averages: fast and slow. These moving averages also generate preliminary signals:- If fast MA < slow MA, it signals to open a sell position.
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 Rabbit M2
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 Rabbit M2 indicator determines the trend on the zero bar based on two moving averages: fast and slow.
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: Rabbit3 Trading Strategy - another powerful expert for MetaTrader 5 traders.
The Rabbit M2 indicator determines the trend on the zero bar based on two moving averages: fast and slow. These moving averages also generate preliminary signals:Also recommended: Money Fixed Margin: Calculating Lot Size with Fixed Free Margin - similar expert with strong performance on MetaTrader 5.
- If fast MA < slow MA, it signals to open a sell position.
- If fast MA > slow MA, it signals to buy.
Signals are confirmed using the WPR indicator on the zero or first bar and by comparing the CCI indicator values to the 'CCI sell level' or 'CCI buy level'.
Each profitable position is checked to see if its profit exceeds the 'positive profit in the deposit currency' threshold. If it does, the next position's volume is increased by the 'volume step' value.
Testing results on EURUSD:
You may also like: GDS Renko ADX Demo Expert Advisor - 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.