ma ma c d position averaging
Info
The ma ma c d position averaging is a Expert Advisor for MetaTrader 5 that the ea only checks for a trading signal or an addition to the position when a new bar appears. the ea is based on indicators ima (moving average, ma) and imacd (moving average convergence/divergence, macd).
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 ma ma c d position 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
the ea only checks for a trading signal or an addition to the position when a new bar appears.
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: Quantora Trade Manager MT5: Advanced Position Management - another powerful expert for MetaTrader 5 traders.
the ea only checks for a trading signal or an addition to the position when a new bar appears.
Also recommended: Quantora Position Size Calculator MT5: Professional Risk-Based Lot Size Calculation - similar expert with strong performance on MetaTrader 5.
the ea is based on indicators ima (moving average, ma) and imacd (moving average convergence/divergence, macd). if a position has a loss exceedingstep lossing
pips, open yet another position (in the loss-making position direction) with an increased lot (
lot coefficient
is considered).
the ea holds only one position or multiple positions of the same direction. the ea features two parameters:
indent price from ma
and
ratio of main to signal
(both are displayed on the image below)
sample buy signal: macd indicator is below "0.0", the main line (main) exceeds the signal line (signal) and the current price is higher than moving average. two filters are added to this condition:
ratio of main to signal
indent price from ma
you can select a bar to be checked - on a zero (current) one or on bar #1. this is defined by the
bar current
parameter.
ea operation
the following data is collected on a new bar: number of buy and sell positions and the most loss-making (according to the number of pips) buy and sell positions. if it turns out that there are both buy and sell positions at the same time, this is considered to be an error and all positions are closed. if the most loss-making position is found and it is unprofitable by more than
step lossing
pips, then the parameters of this position (the ticket and the number of lots) are remembered.
You may also like: as q flow desk one-click execution position management panel - 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.