sa r rs i mt s
Info
The sa r rs i mt s is a Expert Advisor for MetaTrader 5 that 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.
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 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.
What this tool does
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.
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: Trade Adjustment Panel for MT5 - another powerful expert for MetaTrader 5 traders.
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;
Also recommended: Quantora Trade Manager MT5: Advanced Position Management - similar expert with strong performance on MetaTrader 5.
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:
You may also like: Quantora Break Even Manager MT5 - Automated Stop Loss Protection - excellent alternative for expert users on MetaTrader 5.
Source Code
#property version "1.001"
#include <trade\positioninfo.mqh>
#include <trade\trade.mqh>
#include <trade\symbolinfo.mqh>
#include <expert\money\moneyfixedmargin.mqh>
cpositioninfo m_position; // trade position object
ctrade m_trade; // trading object
csymbolinfo m_symbol; // symbol info object
cmoneyfixedmargin *m_money;
input ushort inpstoploss = 10; // stop loss (in pips).......
⚠ 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.