X Trader
Info
The X Trader is a Expert Advisor for MetaTrader 4 that x trader is an expert advisor (ea) designed for metatrader 4 (mt4) and metatrader 5 (mt5) platforms, offering a simple yet effective trading strategy based on moving average crossovers. This EA initiates trades when two moving averages intersect.
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 expert advisor (EA) designed for MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, offering a simple yet effective trading strategy based on moving average crossovers.
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 expert advisor (EA) designed for MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, offering a simple yet effective trading strategy based on moving average crossovers.Also recommended: bad orders expert advisor for metatrader - similar expert with strong performance on MetaTrader 4.
This EA initiates trades when two moving averages intersect. It provides flexibility in configuring the moving average method and applied price, allowing for customization to suit various trading strategies.
Moving Average Method:
- 0: Simple Moving Average (SMA)
- 1: Exponential Moving Average (EMA)
- 2: Smoothed Moving Average (SMMA)
- 3: Linear Weighted Moving Average (LWMA)
Applied Price:
- 0: Close Price
- 1: Open Price
- 2: High Price
- 3: Low Price
- 4: Median Price
- 5: Typical Price
- 6: Weighted Close Price
Note: This EA is optimized for 5-digit brokers, which are prevalent in the market as of 2026.
To maximize the potential of this EA, users are encouraged to explore and identify the optimal settings for their specific trading strategies. The default settings may not be fully tested or optimized, so it's advisable to utilize the built-in MT4 strategy tester for fine-tuning.
If you find this EA beneficial, consider making a donation through our website. For comprehensive documentation and further guidance, visit our website.
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.