ma v a-xona x
Info
The ma v a-xona x is a Expert Advisor for MetaTrader 4 that the expert advisor mava-xonax uses moving averages based on the open and close prices. attach four ma indicators with the period equal to 6 to the h4 eurusd chart.
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 ma v a-xona x
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
the expert advisor mava-xonax uses moving averages based on the open and close prices.
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: Email Price Quotes from MT4/MT5 - another powerful expert for MetaTrader 4 traders.
the expert advisor mava-xonax uses moving averages based on the open and close prices.
Also recommended: Martini - similar expert with strong performance on MetaTrader 4.
attach four ma indicators with the period equal to 6 to the h4 eurusd chart. one is based on the opening prices maopen, the second one — on the closing prices maclose. these are signal indicators. the third one is based on the high prices mahigh and the last one — on the low prices malow.when the trend is downward, the opening price of the candlesticks is higher than the closing price, which means that the moving average based on the opening prices will be higher and vice-versa. thus, buy if maclose crosses maopen from below and sell as soon as maopen goes above maclose.
to use the ma indicator to its fullest, the take profit will be placed as the average spread for the given period, which calculated by the formula mahigh – malow. stop loss for sell: 2*(mahigh – maopen), stop loss for buy, respectively: 2*(maclose – malow).
the expert advisor has been tested on the period 20.02.2015 – 16.07.2015.
testing results:
You may also like: couple hedge ea - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
input int periodma=6;
input int timeframe=240;
void ontick()
{
double maopen1,maclose1,maopen2,maclose2,mamax,mamin;
double takepr,stopl;.......
⚠ 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.