rs i expert. 0
Info
The rs i expert. 0 is a Expert Advisor for MetaTrader 5 that the ea only operates when a new bar appears. it always uses irsi indicator, while using ima indicators depends on the trade on moving averageparameter:ma trade: off - moving average indicators are not usedma trade: forward - usual comparison at the intersection of two moving averages (fast and slow)ma trade: revers - signal reversal at the intersection of two moving averages (fast and slow) to disable a stop loss (stop loss), take profit (take profit) or trailing (trailing stop) simply pass "0.
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 rs i expert. 0
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 ea only operates when a new bar appears.
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: Blue Moon EA: Advanced EMA Envelope Trading for MT5 - another powerful expert for MetaTrader 5 traders.
the ea only operates when a new bar appears. it always uses irsi indicator, while using ima indicators depends on the
Also recommended: exp pf e - similar expert with strong performance on MetaTrader 5.
trade on moving averageparameter:
ma trade: off - moving average indicators are not used
ma trade: forward - usual comparison at the intersection of two moving averages (fast and slow)
ma trade: revers - signal reversal at the intersection of two moving averages (fast and slow)
to disable a stop loss (
stop loss
), take profit (
take profit
) or trailing (
trailing stop
) simply pass "0.0" to the parameter.
lot size management
the lot may be constant ("
money management
" parameter is equal to "
constant lot
") - or dynamic, in risk % per trade ("
money management
" is equal to "
risk in percent for a deal
").
the ea can be launched on netting as well, though the result is unpredictable.
You may also like: Beginner Trading System with Single Indicator - 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.