X Trader
Info
The X Trader is a Expert Advisor for MetaTrader 4 that x trader is an automated trading system that initiates trades when two moving averages intersect and the crossing bar closes. The MA method parameter allows you to choose the type of moving average: 0 for Simple, 1 for Exponential, 2 for Smoothed, or 3 for Linear Weighted.
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 X Trader
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
X Trader is an automated trading system that initiates trades when two moving averages intersect and the crossing bar closes.
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: Quantora Trade Manager MT4: Advanced Position Management for MetaTrader 4 - another powerful expert for MetaTrader 4 traders.
X Trader is an automated trading system that initiates trades when two moving averages intersect and the crossing bar closes.Also recommended: bad orders expert advisor for metatrader - similar expert with strong performance on MetaTrader 4.
The MA method parameter allows you to choose the type of moving average: 0 for Simple, 1 for Exponential, 2 for Smoothed, or 3 for Linear Weighted.
The applied price parameter determines the price data used for the moving averages: 0 for Close price, 1 for Open price, 2 for High price, 3 for Low price, 4 for Median price, 5 for Typical price, or 6 for Weighted Close price.
Note:
This EA is designed for 5-digit brokers, which are prevalent among major brokers in 2026.
It is recommended to use the MT4 Strategy Tester to find the optimal settings for your trading strategy. The default settings have not been tested or optimized.
This version offers improved functionality compared to previous iterations.
You may also like: gaps expert advisor for metatrader - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
extern double lots=0.1;
extern int takeprofit=150;
extern int stoploss=100;
extern string ma1="first ma settings";
extern int ma1period=16;
extern int ma1shift=8;
extern int ma1method=0;
extern int ma1appliedprice=4;.......
⚠ 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.