SPASM
Info
The SPASM is a Expert Advisor for MetaTrader 5 that this expert advisor (ea) is designed to trade based on market volatility. Inputs:- Lots: Position volume.
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 SPASM
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
This Expert Advisor (EA) is designed to trade based on market volatility.
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: rs i expert. 0 - another powerful expert for MetaTrader 5 traders.
This Expert Advisor (EA) is designed to trade based on market volatility.Inputs:
- Lots: Position volume.
- Multiplier Relative to Current Volatility: A multiplier relative to the current volatility.
Also recommended: Surefirething EA - similar expert with strong performance on MetaTrader 5.
- Period for Calculation of Volatility in Bars: The period in bars used to calculate volatility.
- Volatility Smoothing Mode: Averaging type (0 for Simple Moving Average, 1 for Linear-Weighted).
- Volatility Calculation Mode: The method for calculating volatility (1 for Open/Close, 0 for High/Low).
- Stop Loss as a Percentage of Volatility: Stop loss expressed as a percentage of volatility (range: 0 to 1).
- Magic Number: A unique identifier for the EA.
Testing was conducted for all symbols on H1 in the 'Every Tick' mode from 01.01.2026 to 08.05.2026.
You may also like: JMA Candle Sign Indicator Trading System - 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.