VR-Moving Average Scalper
Info
The VR-Moving Average Scalper is a Script for MetaTrader 4 that this expert advisor is fully commented, making it useful for anyone learning mql programming. It demonstrates the use of structures and classes in a clear and simple manner, hopefully proving beneficial for learning.
Usage
This tool is typically used for scalping on lower timeframes (M1-M15).
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 VR-Moving Average Scalper
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 expert advisor is fully commented, making it useful for anyone learning MQL programming.
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: Moving Average Difference Oscillator - another powerful script for MetaTrader 4 traders.
This expert advisor is fully commented, making it useful for anyone learning MQL programming. It demonstrates the use of structures and classes in a clear and simple manner, hopefully proving beneficial for learning.Also recommended: multi timeframe moving average indicator - similar script with strong performance on MetaTrader 4.
The advisor operates on a "swing" principle with the option to increase lot sizes. It employs a straightforward strategy.
An order is opened to buy if the price is above the moving average plus a specified distance. If the price moves down, a sell order is opened with the same lot size. If the price continues to rise, another buy order is opened, and a common profit and stop loss are set for all open orders.
Key Parameters:
- startlot: Initial lot size if risk management is disabled (default 0.01).
- risk: Lot size calculated as a percentage of the deposit if enabled (default 0).
- multiplikatorlot: Lot multiplier for subsequent orders in a series (default 1).
- takeprofit: Take profit for single orders (default 200 points).
- periodma: Period for the moving average calculation (default 60).
- profitplus: Additional points to add to the total profit (default 0).
- pricema: Price source for the moving average calculation (default close price).
- methodma: Method for calculating the moving average (default Exponential Moving Average).
- distanciyama: Distance from the moving average to open initial orders and subsequent orders of the same type (default 200 points).
- magic: Unique identifier for the advisor's orders (default 1).
- slip: Maximum allowed slippage in points (default 30).
You may also like: afirma: autoregressive finite impulse response moving average - excellent alternative for script users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property description "This code is provided AS IS and intended for educational purposes only. Professional trading EAs and indicators - robotfx www.robotfx.org"
#property description "This code is provided AS IS and intended for educational purposes only. Professional trading EAs and indicators - robotfx www.robotfx.org"
#property strict //Зададим строгий режим
#define buy 0 // Для удобства обозначим свои предопределенные переменные
#define sel 1 // Для удобства обозначим свои предопределенные переменные
#define del -1 // Для удобства обозначим свои предопределенные переменные
input double startlot=0.01; //Начальный лот используется если risk=0;.......
⚠ 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.