MA V A-Xona X
This software component for MetaTrader 4 is built to enhance the capabilities of your trading environment. 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 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.
Description & Settings
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. 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:
