RS I MAon RS I Filling Step EA
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 RS I MAon RS I Filling Step EA
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
Trading strategy
The EA uses a custom indicator - the signal is the intersection of two indicator lines. The indicator is created on the specified timeframe '
Working timeframe
' - the same timeframe is used to determine the moment of the birth of a new bar (if it is necessary for the parameters
'Trailing on ...
' and '
Search signals on ...
').
Trading signals:
We are waiting for the lines to cross ('RSI' and 'MAonRSI'). If the crossing is below the '50.0' line, it is a signal to open a 'BUY' position, if it is above the '50.0' line , it is a signal to open a 'SELL' position. Before opening a position, we check the distance between the price and the nearest position (parameter '
Position Step
').
Rice. 1. RSI_MAonRSI_Filling Step EA
Peculiarities:
The EA can be optimized for the working timeframe ('
Working timeframe
')
There can be only one 'entry to the market' deal per bar (this is an internal parameter, it is not included in the input parameters and it has nothing to do with the '
Only one positions
' parameter)
When working in the ' inside bar ' mode (parameter '
Search signals on ...
' equals '
bar #0 (at every tick)
') the current bar is bar #0, when working in the mode ' only at the moment of birth of a new bar ' (parameter '
Search signals on ...
' equals '
bar #1 (on a new bar)
) current bar is bar #1
'
Trade mode parameter:
' - restriction in which direction to trade. Can take the values '
Allowed only BUY positions
', '
Allowed only SELL positions
' and '
Allowed BUY and SELL positions
'
'
Use time control
' parameter - time interval for searching trading signals from '
Start Hour
'::'
Start Minute
' to '
End Hour
'::'
End Minute'
. The time range can be set both within the day and with the transition through the day
Now more about each group of parameters:
Trading settings:
'
Working timeframe
' - working timeframe. The timeframe on which indicators are created and on which a new bar is searched. Stop Loss, Take Profit and Trailing are set in . Any of the parameters ('
Stop Loss
', '
Take Profit
', '
Trailing Stop
') can be disabled - for this, set the selected parameter to '0.0'. How trailing works is shown in the pictures in the code.
Position size management (lot calculation)
The lot can be either permanent ('
Money management
' set to '
Constant lot
' and set the lot size to '
The value for "Money management"
') and dynamic - in percent risk per trade ('
Money management
' set to '
Risk in percent for a deal
' and set the risk percentage in '
The value for "Money management"
'). You can also set a constant lot equal to the minimum lot - '
Money management
' set to '
Lots Min
'.
time control:
This section sets the time range for searching for trading signals. The time range is enabled via '
Use time control
' and sets the time interval for searching for signals from '
Start Hour
'::'
Start Minute
' to '
End Hour
'::'
End Minute
'. The time range can be set both within the day and with the transition through the day. Does not affect trailing.
Additional features:
Flag '
Positions: Only one
' set to '
true
' allows the EA to have no more than one position in the market.
WARNING: '
Positions: Only one
' set to '
true
' does not override '
Positions: Close opposite
' set to '
true
'! In other words: the opposite position(s) will be closed first
The flag '
Positions: Reverse
' is responsible for signal reversal. An interesting flag '
Positions: Close opposite
' - when set to '
true
' before opening a position, it is guaranteed to remove opposite positions. '
Print log
' prints an extended log of all operations. The '
Freeze and StopsLevels Coefficient
' parameter sets the coefficient for stop and freeze levels for cases when these levels for a symbol are equal to zero. The recommended value is '3'.
