MA World
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use MA World
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.
Description & Settings
This Expert can run on all Symbols and Time Frames and uses the crossover of two Linear Moving Averages as Signal and an Exponential Moving Average as Trailing Stop.
Use the Strategy Tester and build up your complete Trading System.
Signal of the Expert is based on the crossover of two Linear Moving Averages (Fast MA 12, Slow MA 25).
Deal Execution: Buy/Sell Limit Orders;
Stop Loss: 95 pips;
Take Profit: 670 pips;
Trailing Stop: Exponential MA 92;
Lot Sizing: 1% of free margin available.
Optimization was made on the Symbol: EURAUD with H8 Time Frame (screenshots attached) also is possible to use the same parameters on the following symbols:
USDCHF Time Frame H6;
AUDCHF Time Frame H6;
EURJPY Time Frame H12;
CHFJPY Time Frame H12;
GBPAUD Time Frame H12;
SILVER Time Frame Daily.
Leverage used 1:100
Backtest Period: Jan 2011/May 2014
With this expert you can build a complete trading system. You all need to play with backtest to find for each Symbol and Time Frame the best parameters.
I just suggest to use Time Frames higher than H4.
If you need more information regarding how to use backtest take a look to the articles and .
