three timeframes
Info
The three timeframes is a Expert Advisor for MetaTrader 5 that idea by:mq5 code by:the ea works with indicators on different timeframes:imacd (moving average convergence/divergence, macd) - period_m5ialligator (alligator) - period_h4irsi (relative strength index, rsi) - period_h1macd gives a signal, rsi checks the overbought/oversold level, and alligator checks the trend. position may only be opened, if there are no open positions and if the ea is within the allowed time interval.
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 three timeframes
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
idea by:mq5 code by:the ea works with indicators on different timeframes:imacd (moving average convergence/divergence, macd) - period_m5ialligator (alligator) - period_h4irsi (relative strength index, rsi) - period_h1macd gives a signal, rsi checks the overbought/oversold level, and alligator checks the trend.
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: mq l5 wizard - trade signals based on three moving averages - another powerful expert for MetaTrader 5 traders.
Also recommended: stochastic three periods - similar expert with strong performance on MetaTrader 5.
idea by:mq5 code by:
the ea works with indicators on different timeframes:
imacd (moving average convergence/divergence, macd) - period_m5
ialligator (alligator) - period_h4
irsi (relative strength index, rsi) - period_h1
macd gives a signal, rsi checks the overbought/oversold level, and alligator checks the trend.
position may only be opened, if there are no open positions and if the ea is within the allowed time interval. the time interval is managed by parameters "use time control," "start hour," and "end hour."
You may also like: exp three candles - excellent alternative for expert users on MetaTrader 5.
Source Code
/.......
⚠ 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.