EM A and SM M A are identical
Info
The EM A and SM M A are identical is a Script for MetaTrader 4 that this topic had been humorously mentioned by roshhere:. And it surfaced once again here:.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Script works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Scripts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use EM A and SM M A are identical
1. Installation: Move your script file into the MQL/Scripts directory and restart the platform.
2. Execution: Drag the script onto a chart; it will perform a one-time action, such as closing all open orders or clearing chart objects.
3. Editing: Use MetaEditor (F4) to modify code, click "Compile," and verify no errors appear in the terminal before running.
4. Removing: Scripts stop automatically, but you can remove them manually by right-clicking the chart and choosing "Remove Script."
Frequently Asked Questions
Q: How are scripts different from EAs? A: Scripts execute a single action and then stop; EAs monitor the market and trade continuously.
Q: Can I assign a hotkey to a script? A: Yes, right-click the script in the Navigator, select "Set Hotkey," and define your preferred keyboard shortcut.
Q: Why did my script stop? A: Scripts are designed to stop immediately after finishing their programmed command; this is normal behavior.
What this tool does
This topic had been humorously mentioned by Roshhere:.
Typical Use Case
This Script excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Script works on MetaTrader 4. Place the file in the MQL4/Scripts folder and restart the terminal.
Description & Settings
Related: Closing all open trades if all one symbol and one trade direction - another powerful script for MetaTrader 4 traders.
Also recommended: Basic file handling in MQ L - similar script with strong performance on MetaTrader 4.
This topic had been humorously mentioned byRosh
here: . And it surfaced once again here: .
I managed to strictly prove the identity of the recurrent formulas of these indicators at a certain ratio of their periods, namely, at EMA_Period = 2 * SMMA_Period - 1. The proof details are hardly interesting for practitioners, however it is quite simple.
The script is absolutely useless for trading, it simply dispels one little illusion. The differences in the behaviors of these MAs at the early stages are caused only by different initializations of these MAs and are not considered substantial. Run the script on the current chart and see the output file. The figure with these two moving averages is provided below. The blue is EMA(159), the red is SMMA(80). I deliberately show the initial part of the moving averages calculation, as well as choose a large period to show how quickly the difference between them disappears.
You may also like: Three scripts for working with horizontal levels - excellent alternative for script users on MetaTrader 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.