X2MA JFATL Trend Following Trading System
Info
The X2MA JFATL Trend Following Trading System is a Expert Advisor for MetaTrader 5 that the x2ma jfatl is a trend-following trading system that utilizes indicator signals to identify trading opportunities. The system employs the colorx2ma indicator to determine the primary slow trend direction.
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
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 X2MA JFATL Trend Following Trading System
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 X2MA JFATL is a trend-following trading system that utilizes indicator signals to identify trading opportunities.
Typical Use Case
This Expert Advisor excels in trend following 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: ColorJFATL STDEV Expert Advisor - another powerful expert for MetaTrader 5 traders.
The X2MA JFATL is a trend-following trading system that utilizes indicator signals to identify trading opportunities.Also recommended: ColorJfatlDigit Expert Advisor - similar expert with strong performance on MetaTrader 5.
The system employs the colorx2ma indicator to determine the primary slow trend direction.
It uses the colorjfatl indicator to pinpoint entry points by detecting changes in the fast trend direction.
An entry signal is generated at the closure of a bar if both of the following conditions are met:
- The fast and slow trend signals align.
- The fast trend has reversed its direction.
Expert Advisor Inputs:
Trade Management:
- Lot Size (mm): 0.1
- Lot Size Detection Method (mmmode): lot
- Stop Loss (Points) (stoploss_): 1000
- Take Profit (Points) (takeprofit_): 2000
Trading Permissions:
- Maximum Price Deviation (Points) (deviation_): 10
- Allow Long Position Entry (buyposopen): true
- Allow Short Position Entry (sellposopen): true
Slow Trend Parameters:
- Trend Timeframe (timeframe): H4
- First Smoothing Method (ma_method1): SMA
- First Smoothing Depth (length1): 12
- First Smoothing Parameter (phase1): 15
- Second Smoothing Method (ma_method2): JJMA
- Second Smoothing Depth (length2): 5
- Second Smoothing Parameter (phase2): 15
- Price Constant (ipc): Close Price
- Signal Bar Index (signalbar): 1
- Allow Long Position Exit by Trend (buyposclose): true
- Allow Short Position Exit by Trend (sellposclose): true
Entry Parameters:
- Entry Timeframe (timeframe_): M30
- JMA Smoothing Depth (ilength): 5
- JMA Smoothing Parameter (iphase): 100
- Price Constant (ipc_): Close Price
- Signal Bar Index (signalbar_): 1
- Allow Long Position Exit by Signal (buyposclose_): false
- Allow Short Position Exit by Signal (sellposclose_): false
Note on Indicators and Libraries:
- Text strings in the EA inputs are for display purposes only.
- colorjfatl_htf and colorx2ma_htf indicators are included for Strategy Tester visualization and are not used in other modes.
- Ensure colorx2ma.ex5, colorx2ma_htf.ex5, colorjfatl.ex5, and colorjfatl_htf.ex5 are placed in the \
- The tradealgorithms.mqh library supports EAs with non-zero spreads and simultaneous Stop Loss/Take Profit settings with position opening.
Testing Results:
The following tests were conducted using default EA input parameters. Stop Loss and Take Profit were not utilized during these tests.
Example trades on the chart are illustrated.
Testing results for 2015 on EURJPY, with slow trend on H4 and entry by fast trend on M30:
Testing results chart displayed.
You may also like: JFATL Digit 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.