dynamic averaging
Info
The dynamic averaging is a Expert Advisor for MetaTrader 5 that idea by-the expert advisor uses the istddev indicator values from the sliding window over the "sliding window size" days and calculates the average indicator value in this window. if the current istddev value is greater than the calculated average, it is a signal to prohibit trading.
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 dynamic averaging
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
idea by-the expert advisor uses the istddev indicator values from the sliding window over the "sliding window size" days and calculates the average indicator value in this window.
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: Exp Dynamic RS C: Trend-Following Expert Advisor - another powerful expert for MetaTrader 5 traders.
idea by
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the expert advisor uses the istddev indicator values from the sliding window over the "
Also recommended: ilan 1. 6 dynamic ht - similar expert with strong performance on MetaTrader 5.
sliding window size" days and calculates the average indicator value in this window. if the current istddev value is greater than the calculated average, it is a signal to prohibit trading.
if there is no prohibition, check the stochastic indicator:
at the same time, the ea keeps track of the deals that were closed at a loss: as soon as such a losing trade is found, the ea increases the lot size for the next deal.
positions are closed once the total profit becomes equal to or more than 'minimum profit'.
attention: this is a high-risk strategy! after a seeming profit
you can easily lose the entire deposit!
You may also like: ma ma c d position averaging - 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.