3 MA Cross EA
Info
The 3 MA Cross EA is a Expert Advisor for MetaTrader 5 that the ea utilizes two indicators: ma cross 3macross alert warnsig and price channel. Three options are provided for stop loss and take profit settings:- Trailing Stop: When greater than zero, a standard trailing stop function is applied to positions.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use 3 MA Cross EA
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
The EA utilizes two indicators: MA Cross 3MACross Alert WarnSig and Price Channel.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: Fx Craft Example EA: MA Cross Strategy Explained - another powerful expert for MetaTrader 5 traders.
The EA utilizes two indicators: MA Cross 3MACross Alert WarnSig and Price Channel.Also recommended: Moving Average Crossover Expert Advisor - similar expert with strong performance on MetaTrader 5.
Three options are provided for stop loss and take profit settings:
- Trailing Stop: When greater than zero, a standard trailing stop function is applied to positions.
- Auto SL/TP: If set to 'true', the SL and TP levels are determined based on the Price Channel indicator.
- Breakeven: If greater than zero, positions are moved to breakeven points once a certain profit level is reached.
Note: Only one of these options can be chosen at a time. If one is selected, the others must be disabled.
Position volume can be set using two methods:
- Fixed Lot: A fixed lot size equal to 'Lots'.
- Risk Percent: A percentage of the free margin, specified as 'Risk in percent for a deal from a free margin'.
The EA was optimized for USDJPY, H1 (default parameters):
Trade Parameters
- Lots: Position volume (if <=0, use risk from free margin).
- Stop Loss
- Take Profit
- Trailing Stop
- Risk: Risk per trade as a percentage of free margin.
- Auto SL/TP: Stop loss and take profit based on the Price Channel indicator.
- Trade at Close Bar: Trades on a closed bar (true for bar #1, false for bar #0).
- Breakeven
- Max Open Positions: Maximum positions in one direction.
MA Cross 3MACross Alert WarnSig Indicator Parameters
- Parameters of the First Moving Average
- Period
- Shift
- Method
- Parameters of the Second Moving Average
- Period
- Shift
- Method
- Parameters of the Third Moving Average
- Period
- Shift
- Method
- CrossesOnCurrent
- AlertsOn
- AlertsMessage
- AlertsSound
Price Channel Indicator Parameters
- InpChannelPeriod: Calculation period in bars.
You may also like: EMA Cross Scalper for XAUUSD (M15) with WIB Session Filter - excellent alternative for expert users on MetaTrader 5.
Source Code
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⚠ 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.