SA R Trading
Info
The SA R Trading is a Expert Advisor for MetaTrader 5 that trading signals are generated based on a comparison of two trend indicators: ima (moving average, ma) and isar (parabolic sar). The EA operates on the zero bar, allowing only one position to be open at a time, with position trailing.
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 Trading
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
Trading signals are generated based on a comparison of two trend indicators: IMA (Moving Average, MA) and ISAR (Parabolic SAR).
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: Tick Scalper Helper: Tick Chart and One-Click Trading Panel for MT5 - another powerful expert for MetaTrader 5 traders.
Trading signals are generated based on a comparison of two trend indicators: IMA (Moving Average, MA) and ISAR (Parabolic SAR). The EA operates on the zero bar, allowing only one position to be open at a time, with position trailing.Also recommended: Basket Pair Closer: Efficiently Close Trading Positions - similar expert with strong performance on MetaTrader 5.
Input parameters are categorized into two groups. The primary group encompasses trading settings:
Lots
- Position volume;
Stop Loss (in pips)
- Stop loss value (Note: A value of 0 disables the function, and a position may remain open indefinitely);
Take Profit (in pips)
- Take profit value (Note: A value of 0 disables the function, and a position may remain open indefinitely);
Trailing Stop (in pips)
- Trailing value;
Trailing Step (in pips)
- Trailing step value.
The second group contains indicator parameters, allowing for the specification of a different timeframe in the indicator settings.
Results of testing in the 'Every Tick' mode on EURUSD, H1:
You may also like: CME Equity Index Futures Holiday Calendar and Trading Halt Automation - 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.