beginner programming: moving average crossover with and without martingale functionality
Info
The beginner programming: moving average crossover with and without martingale functionality is a Expert Advisor for MetaTrader 5 that all of the functions used in the expert advisor are found in the importantfunctions. mqh include file.
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 beginner programming: moving average crossover with and without martingale functionality
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
all of the functions used in the expert advisor are found in the importantfunctions.
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: Beginner Trading System with Single Indicator - another powerful expert for MetaTrader 5 traders.
all of the functions used in the expert advisor are found in the importantfunctions.mqh include file.
Also recommended: backbone - similar expert with strong performance on MetaTrader 5.
there are 2 expert advisors, both using the price crossing the moving average as their entry signal, with a simple difference: one uses martingale when losses occur, and the other does not.i don't recommend using any of the eas with a live account, they are made for demonstration purposes only.
simple moving average ea inputs:
maperiod
: the period of the moving average indicator.
lotsize
: the lot size used to enter trades.
tppoints
: take profit points.
slpoints
: stop loss points. moving average ea with martingale inputs:
maperiod
: the period of the moving average indicator.
startinglot
: the lot size used to enter the first trade; this value will increase after a loss.
maxlot
: the maximum lot size. the startinglot can be increased until this value.
tppoints
: take profit points. this will increase after a loss.
slpoints
: stop loss points. this will increase after a loss.
lotmultiplier
: the lot size will be multiplied by this value after a loss if it has not reached the maxlot value yet.
tpmultiplier
: the take profit and stop loss will both increase by this amount after a loss, providing a recovery edge not only through position sizing but also because of the bigger tp.
the code contains comments, and i've made a youtube video explaining everything you need to understand.
thanks for reading!
You may also like: at random - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.00"
#include <ImportantFunctions.mqh>
input int MAPeriod = 50; // Moving Average period
input double StartingLot = 0.01; // Starting lot size for trades
input double MaxLot = 0.5; // Maximum lot size allowed
input int TPPoints = 100; // Take profit points
input int SLPoints = 300; // Stop loss points
input double LotMultiplier = 2; // Multiplier for increasing lot size after a loss.......
⚠ 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.