Rabbit M2
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. 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 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.
Description & Settings
The trend is determined on the zero bar based on two Moving Averages (fast and slow). They also generate preliminary signals:
if fast MA < slow MA
i.e. it a signal to open a SELL position;
if fast MA > slow MA
it is a signal to open a BUY position.
Signals are confirmed using the WPR indicator (on the zero or first bar) and by comparing the values of the CCI indicator to the "
CCI sell level
" or "
CCI buy level
".
Each profitable position is subject to the following check: Is its profit greater than the threshold value "
Positive profit in the deposit currency
"? If it is, the next position will be opened with the volume increased by "
Volume step
".
Testing results on EURUSD:
