Double Moving Average Crossover EA
Info
The Double Moving Average Crossover EA is a Expert Advisor for MetaTrader 5 that this expert advisor (ea) trades based on signals generated by two moving average indicators. It allows for customizable indicator parameters, including averaging period, horizontal shift, smoothing type, and price type, enabling extensive strategy testing.
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 Double Moving Average Crossover 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) trades based on signals generated by two Moving Average indicators.
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: Moving Average Crossover Expert Advisor - another powerful expert for MetaTrader 5 traders.
This Expert Advisor (EA) trades based on signals generated by two Moving Average indicators. It allows for customizable indicator parameters, including averaging period, horizontal shift, smoothing type, and price type, enabling extensive strategy testing. The EA is designed to trade during specific periods of the day. It operates on every tick but calculates signals using indicator values from the bar at the specified signal candle index. The EA manages open positions with trailing stops.Also recommended: Relative Moving Average EA - similar expert with strong performance on MetaTrader 5.
The EA trades the following symbols:
- audcad
- audjpy
- audnzd
- audusd
- chfjpy
- euraud
- eurcad
- eurchf
- eurgbp
- eurjpy
- eurusd
- gbpchf
- gbpjpy
- gbpusd
- nzdusd
- usdcad
- usdchf
- usdjpy
Example Performance (Symbol: EURUSD, Timeframe: M5, Period: 2016.01.01 - 2026.02.28, Initial Balance: 3000)
You may also like: index moving average expert advisor - 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.