Russian20-hp1
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. 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 Russian20-hp1
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
Idea by
:
The Expert Advisor is based on the trend indicator iMA (Moving Average, MA) and the iMomentum oscillator (Momentum). It can work on every tick (
Work on every tick
= "
true
") and only at the new bar emergence time (
work on every tick
= "
false
").
The
work timeframe
parameter means the timeframe, on which indicators are created and the bar close prices of which are used.
For Buy and Sell positions, you can separately set Stop Loss (
Stop Loss Buy
,
Stop Loss Sell
) and Take Profit (
Take Profit Buy,
Take Profit Sell
). If you want to disable any of these options, set the appropriate parameter to "0.0".
Trading Signals
If there are no open positions, then position opening signals can be checked:
BUY opening signal: (Close of bar #0 > Moving Average on bar #0) AND (Momentum on bar #0 >100.0) AND (Close of bar #0 > Close of bar #1)
SELL opening signal: (Close of bar #0 < Moving Average on bar #0) AND (Momentum on bar #0 <100.0) AND (Close of bar #0 < Close of bar #1)
When there are open positions, the possibility of closing is checked:
A signal to close BUY: (Momentum on bar #0 <100.0)
A Signal to close SELL: (Momentum on bar #0 >100.0))
The results of optimization of
work on every tick
and
work timeframe
for EURUSD are provided as default EA parameters. Results of EURUSD testing with default parameters:
