Crossing Moving Average
This tool for MetaTrader 5 is specifically engineered to streamline your trading operations. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use Crossing Moving Average
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.
Description & Settings
The EA only operates when a new bar appears. Position volume is always fixed and set in the
Lots
parameter.
Stop Loss
,
Take Profit
and
Trailing Stop
parameters can be disabled - to do this, set the appropriate value to "0.0". The last
Trailing Step
parameter - trailing step.
Two Moving Averages (
First
and
Second
) are used. The crossing is defined in a very simple way (this is not the most accurate method, but it is the easiest one) - by analyzing the indicators values on two adjacent bars:
where:
MA_First[1]
-
First
indicator value on bar #1;
MA_First[2]
-
First
indicator value on bar #2;
MA_Second[1]
-
Second
indicator value on bar #1;
MA_Second[2]
-
Second
indicator value on bar #2;
ExtMA_MinimumDistance
- calculated parameter of the minimum distance between the indicators (
Minimum distance between MA's
). This parameter can be completely disabled: to do this, set the parameter to "0.0" in the inputs.
Then each signal is checked by the filter using the
Momentum
indicator - the
Momentum filter
parameter override is checked.
Visually, this looks as follows:
Test on EURUSD M15:
