ea moving average
Info
The ea moving average is a Expert Advisor for MetaTrader 5 that idea by:. mql5 code by:.
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 ea 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.
What this tool does
idea by:.
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.
idea by
: .
mql5 code by
: .
the ea is based on \mql5\experts\examples\moving average\moving average.mq5 from standard delivery. what's new or changed:
Also recommended: index moving average expert advisor - similar expert with strong performance on MetaTrader 5.
for each of the four signals (
buy open
,
buy close
,
sell open
, and
sell close
), there is now their own indicator moving average, for which parameters may be set, such as:
period
(averaging period),
shift
(horizontal shift of the indicator),
method
(averaging method), and
price
(type of prices, based on which the indicator is calculated);
flags
use buy positions
and
use sell positions
- enable opening buy and sell positions, respectively;
flag
consider price last out
- consider the price of the last closed trade. if the value is "true", then the new buy position will be opened at a price equal to or lower than the price of the last transaction, while the new sell position will be opened at a price equal to or higher than the price of the last closed transaction.
price of the last closed position is monitored on ontradetransaction. the ea keeps at most one position in the market, so it can be used on both netting and hedging accounts.
inputs
maximum risk in percentage
- highest risk, in percents;
descrease factor
- decrease factor, in case of losing trades in trading history;
ххх: period
- averaging period (individual for each indicator);
ххх:
shift
- horizontal shift (individual for each indicator);
ххх: method
- averaging method (individual for each indicator);
ххх: price
- price, at which the indicator is calculated (individual for each indicator);
use buy positions
- a flag enabling opening buy positions;
use sell positions
- a flag enabling opening sell positions;
consider price last out
- a flag to consider the price of the last closed trade;
magic number
- unique identifier for the ea.
default parameters, eurusd m15, period from 2018.01.01 to 2018.05.03.
recommendations on optimizing on m15
(genetic) optimization can be performed in the "1 minute ohlc" tick generation mode. to start with, mark the parameters of
period
(start 12, step 1, stop 30) and
shift
(start 0, step 1, stop 6).
upon genetic optimization, go to the "every tick" mode or the "every tick based on real ticks" mode and run a single test for the pass selected.
You may also like: simple moving average (ma) 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.