True Sort 1100
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. 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 True Sort 1100
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 compares the values of five Moving Averages (with period 10, 20, 50, 100 and 200). When the lines of all five indicators get arranged one above the other:
MA(10) > MA(20) > MA(50) > MA(100) > MA(200) - we have a signal to open a BUY position,
if the indicators are one under the other:
MA(10) < MA(20) < MA(50) < MA(100) < MA(200) - we have a signal to open a SELL position.
The value of the ADX indicator is additionally checked: if ADX is below 20, BUY and SELL opening signals are ignored.
The EA has been tested in the "Every Tick" mode on two timeframes: H1 and D1. The following settings were used on H1: Stop Loss = 30, TakeProfit = 90. Settings on D1: Stop Loss = 50, TakeProfit = 150.
EURJPY,H1 StopLoss 30 TakeProfit 90:
USDJPY,H1 StopLoss 30 TakeProfit 90:
EURGPB,D1 StopLoss 50 TakeProfit 150:
EURUSD,D1 StopLoss 50 TakeProfit 150:
