MA MA C D Position averaging
This tool for MetaTrader 5 is specifically engineered to streamline your trading operations. 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 MA MA C D Position averaging
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 checks for a trading signal or an addition to the position when a new bar appears.
The EA is based on indicators iMA (Moving Average, MA) and iMACD (Moving Average Convergence/Divergence, MACD). If a position has a loss exceeding
Step lossing
pips, open yet another position (in the loss-making position direction) with an increased lot (
Lot coefficient
is considered).
The EA holds only one position or multiple positions of the same direction. The EA features two parameters:
Indent price from MA
and
Ratio of MAIN to SIGNAL
(both are displayed on the image below)
Sample BUY signal: MACD indicator is below "0.0", the main line (MAIN) exceeds the signal line (SIGNAL) and the current price is higher than Moving Average. Two filters are added to this condition:
Ratio of MAIN to SIGNAL
Indent price from MA
You can select a bar to be checked - on a zero (current) one or on bar #1. This is defined by the
Bar Current
parameter.
EA operation
The following data is collected on a new bar: Number of BUY and SELL positions and the most loss-making (according to the number of pips) BUY and SELL positions. If it turns out that there are both BUY and SELL positions at the same time, this is considered to be an error and ALL positions are closed. If the most loss-making position is found and it is unprofitable by more than
Step lossing
pips, then the parameters of this position (the ticket and the number of lots) are remembered.
