Sidus
This tool for MetaTrader 5 is specifically engineered to streamline your trading operations. 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 Sidus
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 EA applies two indicators: iAlligator (Alligator) and iRSI (Relative Strength Index, RSI). Alligator acts as the main indicator, while RSI is used as a trend filter.
RSI as a filter
RSI #2 < 50.0 && RSI #1 > 50.0 - the filter allows checking the ability to open BUY;
RSI #2 > 50.0 && RSI #1 < 50.0 - the filter allows checking the ability to open SELL. Alligator signals
Alligator signals considers the
Delta between Alligator lines (#1 - #2)
parameter - difference between the indicator line on bars #1 and #2
Jaw #1 - Jaw #2 >
Delta
&& Teeth #1 - Teeth #2 >
Delta
&& Lips#1 - Lips #2 >
Delta
- BUY signal;
Jaw #1 - Jaw #2 <
Delta
&& Teeth #1 - Teeth #2 <
Delta
&& Lips#1 - Lips #2 <
Delta
- SELL signal. Trading parameters
The EA works (checks signals) only when a new bar appears, while trailing works on each tick. Position volume is always fixed and set as
Lots
. Stop loss is always calculated dynamically.
Offset
is considered: for BUY, it is Low#1 -
Offset
, while for SELL, it is High#1 +
Offset
. Take profit is fixed and set in
Take Profit
. If you need to disable take profit, set "0.0".
Position trailing is set by two parameters:
Trailing Stop
and
Trailing Step.
To disable trailing, set "0.0" for
Trailing Stop
.
Delta between Alligator lines (#1 - #2)
has already been described above.
Closing Opposite Positions
- if "true", positions opposite to a signal are closed.
Optimization order
First step - select trailing and Alligator parameters. Genetic optimization (since we iterate over trailing, while trailing works at each tick). I have selected USDJPY M15.
Second step - check the best test on all symbols.
After completing optimization at step 1, go to Optimization tab and click on the Result column just in case (needed to sort results, so that the best result is at the top of the table). Right-click the best result and select "Run a single test" - a single test is launched. The best EA parameters are set in the Parameters tab.
Go to the "Settings" tab and select "By all symbols" from the "Optimization" list.
