How do I install this Expert on MetaTrader 4?

Download the file, open MetaTrader 4 -> File -> Open Data Folder, copy the file to the correct folder (Experts / Indicators / Scripts / Libraries), then restart the terminal.

How do I activate / load this Expert?

Drag the Expert Advisor from the Navigator panel onto a chart, enable AutoTrading, and allow live trading in the settings.

Is this compatible with MetaTrader 4?

Yes, this Expert is built specifically for MetaTrader 4.

Is this Expert safe to use with real money?

All tools are provided for educational and testing purposes. We strongly recommend testing on a demo account first. Trading involves significant risk of loss.

Can I use this Expert on multiple charts?

Yes, but each chart can only run one Expert Advisor at a time. You can run multiple EAs on different charts.

Can I customize the settings of this Expert?

Yes. Right-click on the chart and select properties to open and adjust parameters.

Free Lossless Moving Average EA Expert for MetaTrader 4

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Lossless Moving Average EA

Info

The Lossless Moving Average EA is a Expert Advisor for MetaTrader 4 that this expert advisor (ea) opens trades at the intersection of fast and slow moving averages (mas). Trades are closed upon receiving a reverse signal.

Usage

This tool is typically used for automated trading on major forex pairs and gold.

Platform

This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).

Setup

Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.

How to Install and Use Lossless Moving Average 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.

What this tool does

This Expert Advisor (EA) opens trades at the intersection of fast and slow Moving Averages (MAs).

Typical Use Case

This Expert Advisor excels in automated trading and technical analysis on MetaTrader 4.

Compatible Platform & Setup

This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.

Description & Settings

Related: e-moving in wl2: automated stop loss adjustment - another powerful expert for MetaTrader 4 traders.

This Expert Advisor (EA) opens trades at the intersection of fast and slow Moving Averages (MAs). Trades are closed upon receiving a reverse signal.

Also recommended: moving average grid ea - similar expert with strong performance on MetaTrader 4.

If the 'outstaying losses' function is enabled, the EA will not close unprofitable trades based on a reverse signal. Instead, it will open new trades. The stop loss for these unprofitable trades is then moved to their opening prices.
The maximum number of open trades during this 'outstaying' period is limited by the 'maximum deals' parameter.

Example Scenario:
Consider the EURUSD, H1 timeframe, using 'every tick' data, from 01.09.2015 to 08.01.2016. (Refer to the provided figure for illustration).

This EA is designed for enhanced risk management by potentially allowing trades to recover or continue a trend while managing open positions effectively. Developed for MetaTrader 5, this EA aims to provide a robust trading solution for various market conditions. It is compatible with MetaTrader 5, ensuring seamless integration with the platform. The development cycle and testing were completed with the latest market data, and the EA is optimized for performance up to 2026.

You may also like: moving average and commodity channel index (ma2 cc i) - excellent alternative for expert users on MetaTrader 4.

Source Code

#property version "1.0"
#property copyright "robotfx"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property strict
enum yes_no
  {
   yes=0,   //yes
   no=1,    //no 
  };

.......

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⚠ Limitations & Risk Warning

This tool is provided for educational and testing purposes only.
Past performance does not guarantee future results.
Trading involves substantial risk of loss. Use on a demo account first.
Results may vary depending on market conditions, broker, and settings.
We recommend thorough backtesting and forward testing before using with real funds.