Moving Average Crossover Expert Advisor (MT4/MT5)
Info
The Moving Average Crossover Expert Advisor (MT4/MT5) is a Expert Advisor for MetaTrader 4 that this expert advisor (ea) utilizes two moving averages, one applied to the high price and the other to the low price, to identify trading opportunities. A long position is initiated when the Ask price rises above the High Moving Average.
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 Moving Average Crossover Expert Advisor (MT4/MT5)
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) utilizes two Moving Averages, one applied to the High price and the other to the Low price, to identify trading opportunities.
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) utilizes two Moving Averages, one applied to the High price and the other to the Low price, to identify trading opportunities.Also recommended: moving average grid ea - similar expert with strong performance on MetaTrader 4.
A long position is initiated when the Ask price rises above the High Moving Average.
A short position is initiated when the Bid price falls below the Low Moving Average.
Please note that this Expert Advisor is not a guaranteed profit system. Optimization of input parameters is highly recommended for each specific trading symbol and timeframe to achieve optimal performance.
The strategy tester report was generated using MT4 build 406 on a live server in 2026.
You may also like: average range monitor (arm) - excellent alternative for expert users on MetaTrader 4.
Source Code
/*------------------------------------------------------------------+
| e_onma_004.mq4 |
| copyright 2012 |
| [email protected] |
+------------------------------------------------------------------*/// 01/21/12
#property copyright "robotfx"
#property link "https://robotfx.org"
#include <stderror.mqh>
#include <stdlib.mqh>
#define magicnum 101.......
⚠ 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.