startermod
Info
The startermod is a Expert Advisor for MetaTrader 5 that the following indicators are used:the expert advisor first checks the possibility to open buy or sell according to the emaangle indicator: the indicator value and the configured anglethreshold parameter of the indicator are compared. if the indicator is below anglethreshold, a buy position can be opened.
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 startermod
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 following indicators are used:the expert advisor first checks the possibility to open buy or sell according to the emaangle indicator: the indicator value and the configured anglethreshold parameter of the indicator are compared.
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: exp ts i cloud - another powerful expert for MetaTrader 5 traders.
the following indicators are used:
the expert advisor first checks the possibility to open buy or sell according to the emaangle indicator: the indicator value and the configured anglethreshold parameter of the indicator are compared. if the indicator is below anglethreshold, a buy position can be opened. if it is above anglethreshold, a sell position can be opened.
Also recommended: em a rs i ri s k-ea - similar expert with strong performance on MetaTrader 5.
after that the ea checks other indicators, including 'laguerre rsi with laguerre filter', two moving averages and one cci.condition for opening a buy position:
the expert advisor had not been optimized, and testing on eurusd, h1 was performed with the default values of indicators:
You may also like: exp le man trend - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property version "1.004"
#include <trade\positioninfo.mqh>
#include <trade\trade.mqh>
#include <trade\symbolinfo.mqh>
#include <trade\accountinfo.mqh>
#include <expert\money\moneyfixedmargin.mqh>
cpositioninfo m_position; // trade position object
ctrade m_trade; // trading object
csymbolinfo m_symbol; // symbol info object.......
⚠ 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.