RS I Expert. 0
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 RS I Expert. 0
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 EA only operates when a new bar appears. It always uses iRSI indicator, while using iMA indicators depends on the
Trade on Moving Average
parameter:
MA trade: Off - Moving Average indicators are not used
MA trade: Forward - usual comparison at the intersection of two Moving Averages (Fast and Slow)
MA trade: Revers - signal reversal at the intersection of two Moving Averages (Fast and Slow)
To disable a stop loss (
Stop Loss
), take profit (
Take Profit
) or trailing (
Trailing Stop
) simply pass "0.0" to the parameter.
Lot size management
The lot may be constant ("
Money management
" parameter is equal to "
Constant lot
") - or dynamic, in risk % per trade ("
Money management
" is equal to "
Risk in percent for a deal
").
The EA can be launched on netting as well, though the result is unpredictable.
