EXP 2PB Ideal MA Reopen: Moving Average Crossover with Position Scaling
Info
The EXP 2PB Ideal MA Reopen: Moving Average Crossover with Position Scaling is a Expert Advisor for MetaTrader 5 that the exp 2pb ideal ma reopen expert advisor (ea) utilizes moving average crossovers for trade signals and incorporates position scaling based on trend. The trading signal is generated when the closing price of a bar indicates a crossover between the fast 2PBIdeal1MA and the slow 2PBIdeal3MA.
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 EXP 2PB Ideal MA Reopen: Moving Average Crossover with Position Scaling
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 EXP 2PB Ideal MA Reopen Expert Advisor (EA) utilizes moving average crossovers for trade signals and incorporates position scaling based on trend.
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 2pb Ideal MA Indicator - another powerful expert for MetaTrader 5 traders.
The EXP 2PB Ideal MA Reopen Expert Advisor (EA) utilizes moving average crossovers for trade signals and incorporates position scaling based on trend.Also recommended: 2pb Ideal XO SMA Expert Advisor - similar expert with strong performance on MetaTrader 5.
The trading signal is generated when the closing price of a bar indicates a crossover between the fast 2PBIdeal1MA and the slow 2PBIdeal3MA.
Additionally, the EA scales the volume of an open position if the profit points of the most recent trade within that position exceed a predefined threshold set in the EA's input parameters.
A breakout of the fast moving average serves as a buy signal, while a breakdown indicates a sell signal.
Information regarding position scaling is recorded in the trade comment string in the format: number of scales / price of last deal / volume of last deal.
To use this EA, the compiled indicator files 2PBIdeal1MA.ex5 and 2PBIdeal3MA.ex5 should be placed in the <terminal_data_folder>\mql5\indicators directory.
However, after compilation, the EXP 2PB Ideal MA Reopen.ex5 expert file includes the 2PBIdeal1MA.ex5 and 2PBIdeal3MA.ex5 indicators as embedded resources. Therefore, these indicator files are not required to be present in the terminal folder for the compiled EA to function. This is achieved by integrating the indicator code directly into the EA.
The indicator executable files have been added as resources at the global scope.
Changed the string paths to the indicators used as resources in the block of the OnInit() function.
Consequently, the compiled executable file of the expert advisor can be independently used on other trade terminals without needing separate indicator files.
The default input parameters of the expert advisor were employed during the following tests. Stop loss and take profit levels were not utilized during these tests.
Figure 1. Examples of trades on the chart.
Testing results for 2015-2026 on GBPJPY H4:
Figure 2. Chart of testing results.
You may also like: EXP BykovTrend Reopen: Trend-Following System with Scalable Positions - 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.