em a cross contest hedged
Info
The em a cross contest hedged is a Expert Advisor for MetaTrader 5 that an intersection of two moving averages based on the data of two bars is searched for generating a signal:the number of the current bar can be specified in trade bar: either bar #0or bar #1. if use macdis set to true, the ea will also take into account the position of the main macd line relative to zero (the trade barparameter).
Usage
This tool is typically used for hedging and risk management in volatile market conditions.
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 em a cross contest hedged
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
an intersection of two moving averages based on the data of two bars is searched for generating a signal:the number of the current bar can be specified in trade bar: either bar #0or bar #1.
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: Simple EMA Cross Expert Advisor with Stop Loss, Take Profit, and Magic Number - another powerful expert for MetaTrader 5 traders.
Also recommended: pro ma crossover ea for mt5 - similar expert with strong performance on MetaTrader 5.
an intersection of two moving averages based on the data of two bars is searched for generating a signal:the number of the current bar can be specified in
trade bar
: either
bar #0
or
bar #1
.
if
use macd
is set to true, the ea will also take into account the position of the main macd line relative to zero (the
trade bar
parameter).
if a signal is generated when there are no open positions, a position is opened and four hedging orders are placed at a distance of
hedge level
and the lifetime equal to
expiration pending orders
: buy stop orders are placed in case of a buy position; sell stop orders are placed in case of a sell position.
positions can be closed by an opposite signal if
close the opposite positions
parameter is set to true. for example, sell positions will be closed if a buy signal is generated.
once positions are opened,
trailing stop
with
trailing step
will be enabled for them.
input parameters
lots
- the volume of position to open;
stop loss (in pips)
- stop loss value;
take profit (in pips)
- take profit value;
trailing stop (in pips)
- trailing value;
trailing step (in pips)
- trailing step value;
hedge level (in pips)
- distance between pending orders;
close the opposite positions
- the flag to close opposite positions;
use macd
- the flag to use macd;
expiration pending orders (seconds)
- pending order expiration time;
ma short: averaging period
- fast ma calculation parameter;
ma long: averaging period
- slow ma calculation parameter;
trade bar
- the bar number to trade on;
magic number
- unique identifier for the ea.
example of testing eurusd, m30:
You may also like: graphic panel contest submission - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.001"
#include <trade\positioninfo.mqh>
#include <trade\trade.mqh>
#include <trade\symbolinfo.mqh>
#include <trade\orderinfo.mqh>
cpositioninfo m_position; // trade position object
ctrade m_trade; // trading object
csymbolinfo m_symbol; // symbol info object.......
⚠ 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.