Exp Color Ma Rsi-Trigger MM Rec Duplex
This is a powerful addition to your MetaTrader 5 toolkit designed to optimize market analysis and performance. 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 Exp Color Ma Rsi-Trigger MM Rec Duplex
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
Two identical trading systems (for long and short deals) based on the indicator signals that can be configured in different ways within a single EA with an ability to change the volume of a forthcoming trade depending on the results of the previous trades for this trading system. This EA was obtained by further complicating the trading system to change the volumes of the positions to be opened.
For this purpose, the blocks of the EA's input parameters have been added:
and
In case of such inputs and when selecting from the last five trades, three of which are loss-making in a single direction, the EA opens the next trade in the same direction having the volume of 0.01 lot. If there are less than three loss-making trades out of the last five ones, the position volume is 0.1.
For the EA to operate, the compiled file of indicator
ColorMaRsi-Trigger.ex5
should be in the <terminal_data_directory>\MQL5\Indicators.
Default Expert Advisor's input parameters were used during the tests shown below. Stop Loss and Take Profit were not used during the tests.
Fig1. Sample deals on the chart with symmetrical settings.
Test results for AUDUSD H6 over the year 2016:
Fig. 2. Testing results chart.
