SA R RS I MT S
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 SA R RS I MT S
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 rules of the trading system are as follows:
A signal to open BUY
: SAR on bar 1 is less than the Close of bar 0, SAR on bar 1 is less than SAR on bar 0, RSI on bar 0 is greater than 50.0;
A signal to open SELL
: SAR on bar 1 is greater than the Close of bar 0, SAR on bar 1 is greater than SAR on bar 0, RSI on bar 0 is less than 50.0;
Lot is calculated automatically based on the risk value as a percentage of free margin.
Condition to open a Sell position:
Input Parameters
Stop Loss (in pips)
- Stop Loss value;
Take Profit (in pips)
- Take Profit value;
Trailing Stop (in pips)
- trailing value;
Trailing Step (in pips)
- trailing step value;
Risk in percent for a deal from a free margin
- risk per trade as percentage of free margin.
Magic Number
- unique identifier of the EA;
SAR: price increment step - acceleration factor
- SAR indicator parameter;
SAR: maximum value of step
- SAR indicator parameter;
RSI: averaging period
- RSI indicator parameter;
RSI: type of price
- RSI indicator parameter.
Example for SAR RSI MTS 2017.06.08 - 2017.10.26 GBPUSD,M30:
