Cross Contest Hedged Moving Average Intersection EA
Info
The Cross Contest Hedged Moving Average Intersection EA is a Expert Advisor for MetaTrader 5 that this expert advisor (ea) identifies an intersection of two moving averages based on the data of two bars to generate trading signals. The specific bar for signal generation can be set using the 'trade bar' parameter, choosing between 'bar #0' or 'bar #1'.
Usage
This tool is typically used for hedging and risk management in volatile market conditions.
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 Cross Contest Hedged Moving Average Intersection 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) identifies an intersection of two moving averages based on the data of two bars to generate trading signals.
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.
This Expert Advisor (EA) identifies an intersection of two moving averages based on the data of two bars to generate trading signals. The specific bar for signal generation can be set using the 'trade bar' parameter, choosing between 'bar #0' or 'bar #1'.Also recommended: Moving Average Crossover Expert Advisor - similar expert with strong performance on MetaTrader 5.
If the 'use macd' option is enabled (set to true), the EA will also consider the position of the main MACD line relative to zero on the specified 'trade bar'.
When a trading signal is generated and no positions are currently open, the EA will open a position. Concurrently, it places four hedging orders at a distance defined by 'hedge level' with an expiration time set by 'expiration pending orders' (in seconds). Buy stop orders are placed for a buy position, and sell stop orders are placed for a sell position.
Positions can be closed by an opposite trading signal if the 'close the opposite positions' parameter is set to true. For instance, sell positions would be closed if a buy signal is generated.
Once positions are opened, a trailing stop mechanism is activated using the 'trailing stop' and 'trailing step' parameters.
Input Parameters:
- lots: The volume for opening a position.
- stop loss (in pips): The stop loss value.
- take profit (in pips): The take profit value.
- trailing stop (in pips): The trailing stop value.
- trailing step (in pips): The trailing step value.
- hedge level (in pips): The distance between pending orders.
- close the opposite positions: A flag to enable or disable closing opposite positions.
- use macd: A flag to enable or disable MACD consideration.
- expiration pending orders (seconds): The expiration time for pending orders.
- ma short: averaging period: The calculation period for the fast moving average.
- ma long: averaging period: The calculation period for the slow moving average.
- trade bar: The bar number on which trading signals are evaluated.
- magic number: A unique identifier for the EA.
Example of testing EURUSD, M30:
You may also like: EMA Cross Scalper for XAUUSD (M15) with WIB Session Filter - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.001"
#include <trade\positioninfo.mqh>
#include <trade\trade.mqh>
#include <trade\symbolinfo.mqh>
#include <trade\orderinfo.mqh>
cpositioninfo m_position; // trade position object
ctrade m_trade; // trading object
csymbolinfo m_symbol; // symbol info object.......
⚠ 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.