smoothing average
Info
The smoothing average is a Expert Advisor for MetaTrader 4 that this ea is based on 1 moving average indicator, the exit and entry points are determined by a "smoothing factor"; a fixed amount of pips above or below the ma. this has been uploaded for experimental purposes, it is a very unpolished ea and i don't recommend running this on a live account.
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 smoothing average
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 ea is based on 1 moving average indicator, the exit and entry points are determined by a "smoothing factor"; a fixed amount of pips above or below the ma.
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: moving average grid ea - another powerful expert for MetaTrader 4 traders.
this ea is based on 1 moving average indicator, the exit and entry points are determined by a "smoothing factor"; a fixed amount of pips above or below the ma.
Also recommended: average range monitor (arm) - similar expert with strong performance on MetaTrader 4.
this has been uploaded for experimental purposes, it is a very unpolished ea and i don't recommend running this on a live account.testing results:
the following chart is a test conducted over a 5 year period, using the same parameters it has also worked decently over a 10 year period (2005 to 2015).
standard settings are for the 1 hour chart on eurusd, but can easily be optimized for any currency pair and timeframe.
long term goal is to make this ea profitable over a prolonged period of time, i.e 5 years or more with as little complexity as possible.
feedback is appreciated, enjoy.
You may also like: average speed - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "0.01"
input int period_ma=200;
input double risk=10;
input int smoothing=1400;
int currentorder;
double ma;
double ma2;
double highpoint;.......
⚠ 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.