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Rainbow EA MT5

Description :

Rainbow EA MT5 is a simple Expert advisor based on  Rainbow MT5 indicator witch is based on Moving average with period 34.

The indicator is incorporated in the EA, therefore, it is not required for the EA to operate, but if you wish, you can download it from my product page.

The Expert Advisor settings are as follows :

Suitable for Timeframes up to H1


The parameters below can be set according to your trading rules.

  • StopLoss ( Stop Loss in pips)
  • TakeProfit ( Take Profit in pips )
  • Magic number : ( set to 673291, is the  EA identifier. When running multiple instances of the same EA on one currency pair, this value should be changed for each instance )
  • Maximum Trade Duration ( in Bars )
  • Minimum Trade Duration ( in Bars )
  • TradeSize : 1.0 ( Trade size )
  • Maximum Slippage ( set to 3 )
  • MaxOpenTrades : 1 ( Maximum open trades per currency pair )
  • Hedging : true ( Hedging mode )

Some clarification to remember :

For 5-digit brokers : 1 Point=0.00001 and 1 Pip=0.0001 => 10 Points=1 Pip

For 4-digit brokers : 1 Point=0.0001 and 1 Pip=0.0001 => 1Points=1Pip

If your account type is Netting then set Hedging mode to false. 



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4.71 (14)
Uzman Danışmanlar
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Chen Jia Qi
4.63 (84)
Uzman Danışmanlar
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Gregory Hay
4.57 (14)
Uzman Danışmanlar
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Artem Minchuk
3.36 (45)
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Delving deep into the sphere of finance and trading strategies, I decided to conduct a series of experiments, exploring approaches based on reinforcement learning as well as those operating without it. Applying these methods, I managed to formulate a nuanced conclusion, pivotal for understanding the significance of unique strategies in contemporary trading. Neural network advisors, despite showcasing impressive efficiency in the initial stages, proved to be highly unstable in the long run. Vario
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Profalgo Limited
4.5 (10)
Uzman Danışmanlar
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Bogdan Ion Puscasu
4.79 (138)
Uzman Danışmanlar
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Darwin Swing MT5
Guillaume Duportal
4.92 (38)
Uzman Danışmanlar
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Denis Kurnev
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Antonio Simon Del Vecchio
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DOW King
Anton Kondratev
5 (1)
Uzman Danışmanlar
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Dark Algo MT5
Marco Solito
5 (40)
Uzman Danışmanlar
Last copy at 399$ -> next price 499$ Dark Algo  is a fully automatic Expert Advisor for   Scalping   Trading on   Eurusd . This Expert Advisor is based on the latest generation of   algorithm  and is highly customizable to suit your trading needs. If you   Buy this Expert   Advisor you can   write a feedback   at market and   get   a second EA for   Free , for More info contact me The basic strategy of this EA is built on a sophisticated   algorithm  that allows it to   identify   and   follow m
Gold Energy MT5
Gregory Hay
Uzman Danışmanlar
XAUUSD(GOLD) çiftinin aktif bir yatırımcısı olan GoldEnergy Advisors'a hoş geldiniz. Ekibimiz tarafından geliştirilen bu ürün, genel hesaplar, kendi kendini finanse eden hesaplar ve kendi kendini yöneten operasyonlar için kullanılabilir. HFT'yi kullanmayın. See all products here:     https://www.mql5.com/en/users/fxmanagedforexltd/seller ***ÖNCEKİ SÜRÜMÜN FİYATI*** 1.000$'lık bir hesabın gerçek zamanlı ortalama aylık kârı %30'un üzerindedir   . :   https://www.mql5.com/es/signals/2212389 GoldEne
Forex GOLD Investor MT5
Lachezar Krastev
4.88 (49)
Uzman Danışmanlar
SHOCK DEAL --> JUST RELEASED UPDATE + DISCOUNT + BONUS EA Forex GOLD Investor is one of the best expert advisors developed to trade on GOLD(XAUUSD) in the forex market. Forex GOLD Investor consists of 2 trading systems . The first one is based on scalping trading strategy and the second system has time based dependency which opens up to 2 trades at a time. It has been tested rigorously to get the most successful results. You do not need to do any optimizations if you use the default settings
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Jamal El Alama
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Jamal El Alama
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Jamal El Alama
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Jamal El Alama
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Jamal El Alama
Uzman Danışmanlar
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Sürüm 2.0 2024.02.13
In this version the EA uses a fixed TakeProfit and a Trailing Stop on H1 chart. The Trailing Stop is set as follows :
For Buy orders : Bid price-ATR*ATR_Multiplier
For Sell orders : Ask price+ATR*ATR_Multiplier