MA with a Price
Info
The MA with a Price is a Expert Advisor for MetaTrader 4 that the system is not new, but its implementation and testing have been challenging. The goal is to enable position reversal, which is crucial for effective trading strategies.
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 with a Price
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 system is not new, but its implementation and testing have been challenging.
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: MD Scalper EA: Trend/Reversal Scalping with Trailing Stop - another powerful expert for MetaTrader 4 traders.
The system is not new, but its implementation and testing have been challenging. The goal is to enable position reversal, which is crucial for effective trading strategies.Also recommended: Semi-HFT Grid Bot: Two-Sided Martingale Grid with Basket Take Profit - similar expert with strong performance on MetaTrader 4.
The current issue lies in the position reversal mechanism. The intended behavior is:
- Short position on the 1st candle: Close price above MA triggers a buy signal.
- 2nd candle: Close the short position at the open price of the new candle, and open a long position.
- 3rd candle: Open the long position at the open price of this candle.
However, the system opens the long position at the open price of the 3rd candle instead of the 2nd candle, as intended.
The attached image illustrates this scenario. I welcome contributions from experienced developers to resolve this issue. Any code fixes or tips to improve the implementation would be greatly appreciated, as my coding experience is limited.
You may also like: APB Channel EA: Heikin-Ashi Reversals with Keltner Channel Confirmation and Swing Structure Stops - excellent alternative for expert users on MetaTrader 4.
Source Code
bool new_bar=false; //
extern double stoploss =100; // sl
extern double takeprofit =100; //
extern double map =12; // ma
extern double mas =0; // ma
extern double mam =2; //
extern double lots =0.1; //
extern double prots =0.02; //
int start()
{.......
⚠ 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.