Expert Advisor Readme

Robot_ma_ifr Expert Advisor

Overview

The Robot_ma_ifr Expert Advisor is designed for automated trading on the MetaTrader 5 platform. It combines two popular technical indicators, Moving Averages (MM) and the Relative Strength Index (IFR), to generate buy and sell signals based on user-defined strategies.

Parameters

1. Estratégia de Entrada (Entry Strategy)

   • Options: APENAS_MM (Only Moving Averages), APENAS_IFR (Only Relative Strength Index), MM_E_IFR (Moving Averages and Relative Strength Index)
   • Description: Select the strategy for generating entry signals.

2. Médias Móveis (Moving Averages)

   • mm_rapida_periodo: Period of the fast moving average.
   • mm_lenta_periodo: Period of the slow moving average.
   • mm_tempo_grafico: Timeframe for moving averages.
   • mm_method: Method for calculating moving averages.
   • mm_preco: Applied price for moving averages.

3. IFR (Relative Strength Index)

   • ifr_periodo: Period of the Relative Strength Index.
   • ifr_tempo_grafico: Timeframe for the Relative Strength Index.
   • ifr_preco: Applied price for the Relative Strength Index.
   • ifr_sobrecompra: Overbought level for the Relative Strength Index.
   • ifr_sobrevenda: Oversold level for the Relative Strength Index.

4. Operação (Operation)

   • num_lots: Number of lots to trade.
   • TK: Take Profit distance in points.
   • SL: Stop Loss distance in points.

5. Hora Limite para Fechar Operações (Closing Time)

   • hora_limite_fecha_op: Time to close open positions.

Indicators and Functions

• Indicators

  • Two moving averages and the Relative Strength Index are used to generate trading signals.

• Functions

  • desenhaLinhaVertical: Draws a vertical line on the chart.
  • compraAMercado: Places a market buy order.
  • vendaAMercado: Places a market sell order.
  • fechaCompra: Closes a buy position.
  • fechaVenda: Closes a sell position.
  • temosNovaVela: Checks if a new candle has started.

Usage

1. Installation

   • Copy the Robot_ma_ifr.mq5 file to the Experts folder of your MetaTrader 5 installation.

2. Configuration

   • Open the MetaEditor, compile the Robot_ma_ifr.mq5 file, and attach the EA to a chart in MetaTrader 5.
   • Configure the parameters based on your preferred trading strategy.

3. Execution

   • The EA will execute buy and sell orders based on the selected strategy and parameters.

Disclaimer

Trading involves risk, and it's important to thoroughly test any strategy before using it in a live trading environment. The Robot_ma_ifr Expert Advisor is provided as-is, and the user is responsible for any financial losses incurred through its use.

Author Information

• Author: Douglas Volcato