Three indicators
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. 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 Three indicators
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 Expert Advisor works both on netting and hedging accounts. The EA works at the moment of forming a new bar only, and allows holding only one position in the market. It compares Open prices and values of three indicators: iMACD (Moving Average Convergence/Divergence, MACD), iStochastic (Stochastic Oscillator) and iRSI (Relative Strength Index, RSI).
When searching for parameters, users can run optimization in the "1 minute OHLC" tick generation mode.
For more convenient search, the working timeframe has been added to inputs (Work timeframe). This is the timeframe indicators are built on and the EA receives Open prices from. Therefore, the EA is recommended for the M1 timeframe.
