Brandy EA
Info
The Brandy EA is a Expert Advisor for MetaTrader 5 that this expert advisor (ea) utilizes two moving average (ma) indicators for trading signals based on their intersection. The strategy involves using a slow MA ('MA Open') for opening positions and a fast MA ('MA Close') for closing 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 Brandy 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
This Expert Advisor (EA) utilizes two Moving Average (MA) indicators for trading signals based on their intersection.
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: Bollinger Bands Mean Reversion - another powerful expert for MetaTrader 5 traders.
This Expert Advisor (EA) utilizes two Moving Average (MA) indicators for trading signals based on their intersection.Also recommended: EXP Instantaneous Trend Filter - similar expert with strong performance on MetaTrader 5.
The strategy involves using a slow MA ('MA Open') for opening positions and a fast MA ('MA Close') for closing positions. The EA operates when a new bar appears, and there is no limit to the number of positions.
Position trailing is available, and the EA can be tested on multiple symbols using the H1 timeframe.
Parameters:
- Lots: Position volume to be opened.
- Stop Loss (in pips): Stop loss value.
- Take Profit (in pips): Take profit value.
- Trailing Stop (in pips): Trailing stop value.
- Trailing Step (in pips): Trailing step value.
- MA Close:
- Averaging Period: MA Close averaging period.
- Horizontal Shift: MA Close horizontal shift.
- Smoothing Type: MA Close smoothing type.
- Type of Price: MA Close price type.
- Bar Closing Position: MA Close bar number for the closing signal.
- MA Open:
- Averaging Period: MA Open averaging period.
- Horizontal Shift: MA Open horizontal shift.
- Smoothing Type: MA Open smoothing type.
- Type of Price: MA Open price type.
- Bar Opening Position: MA Open bar number for the opening signal.
- Magic Number: Unique identifier for the EA.
Default parameters can be tested on the H1 timeframe from 2026.01.01 to 2026.04.22.
You may also like: indicator loader for strategy testing - 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.