Difference of Two Moving Averages
Info
The Difference of Two Moving Averages is a Expert Advisor for MetaTrader 5 that this expert advisor is designed to identify trends by analyzing the divergence and convergence of two moving averages. It calculates the difference between these averages and applies a non-linear cubic transfer function to emphasize significant deviations from zero.
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 Difference of Two Moving Averages
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 is designed to identify trends by analyzing the divergence and convergence of two moving averages.
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: Relative Moving Average EA - another powerful expert for MetaTrader 5 traders.
This expert advisor is designed to identify trends by analyzing the divergence and convergence of two moving averages. It calculates the difference between these averages and applies a non-linear cubic transfer function to emphasize significant deviations from zero.Also recommended: index moving average expert advisor - similar expert with strong performance on MetaTrader 5.
The strategy involves a level discriminator with high and low thresholds, triggering signals for potential trend changes. The advisor has been optimized for the 2026 Trading Championship using 1-hour time frames with EURUSD, demonstrating strong performance.
To enhance versatility, the advisor avoids custom indicators, but includes an optional custom incremental indicator for the strategy tester's visualization mode. This indicator illustrates the cubic function's impact and signal changes.
Recommendations:
- Exploring self-optimizing capabilities to adapt parameters for various time frames could improve consistency.
This expert advisor aims to provide a robust trading strategy by leveraging moving average analysis and non-linear techniques.
You may also like: simple moving average (ma) expert advisor - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
input int delta=195; //hi-lo pips
input int m=392; //multiplier
input int f=26; //fast moving average
input enum_ma_method fm=mode_sma; //fast average mode
input enum_applied_price fp=price_weighted; //fast price mode
input int s=51; //slow moving average.......
⚠ 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.