EMA 6.12
Info
The EMA 6.12 is a Expert Advisor for MetaTrader 5 that the expert advisor utilizes the signals from the crossover of two imas (moving averages, ma). It incorporates trailing stop and take profit functionality, closing sell positions when a buy signal emerges and vice versa.
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 EMA 6.12
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
The Expert Advisor utilizes the signals from the crossover of two IMAs (Moving Averages, MA).
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: Poker Show - another powerful expert for MetaTrader 5 traders.
The Expert Advisor utilizes the signals from the crossover of two IMAs (Moving Averages, MA). It incorporates trailing stop and take profit functionality, closing sell positions when a buy signal emerges and vice versa.Also recommended: professional order manager - similar expert with strong performance on MetaTrader 5.
Take profit and trailing stop can be deactivated by setting their values to 0.
Input Parameters:
- Lots: Position volume.
- Take Profit (in pips): Take profit value.
- Trailing Stop (in pips): Trailing stop value.
- Trailing Step (in pips): Trailing step value.
- MA Fast: Averaging period for the fast moving average.
- MA Slow: Averaging period for the slow moving average.
- Magic Number: Expert Advisor identifier. Individual parameters should be tailored for each symbol. The default parameters are optimized for EURUSD, H1.
Results:
- To be determined based on backtesting and live trading performance.
You may also like: Chaos Theory EA: Trading with Lyapunov Exponent Analysis - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.000"
#include <trade\positioninfo.mqh>
#include <trade\trade.mqh>
#include <trade\symbolinfo.mqh>
cpositioninfo m_position; // trade position object
ctrade m_trade; // trading object
csymbolinfo m_symbol; // symbol info object
input double inplots = 1.0; // lots.......
⚠ 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.