ma world
Info
The ma world is a Expert Advisor for MetaTrader 5 that this expert can run on all symbols and time frames and uses the crossover of two linear moving averages as signal and an exponential moving average as trailing stop. use the strategy tester and build up your complete trading system.
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 world
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
this expert can run on all symbols and time frames and uses the crossover of two linear moving averages as signal and an exponential moving average as trailing stop.
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: Real-Time World Index Quotes via WebRequest - another powerful expert for MetaTrader 5 traders.
this expert can run on all symbols and time frames and uses the crossover of two linear moving averages as signal and an exponential moving average as trailing stop.
Also recommended: trade signals based on crossover of main and signal lines of macd indicator - similar expert with strong performance on MetaTrader 5.
use the strategy tester and build up your complete trading system.
signal of the expert is based on the crossover of two linear moving averages (fast ma 12, slow ma 25).
deal execution: buy/sell limit orders;
stop loss: 95 pips;
take profit: 670 pips;
trailing stop: exponential ma 92;
lot sizing: 1% of free margin available.
optimization was made on the symbol: euraud with h8 time frame (screenshots attached) also is possible to use the same parameters on the following symbols:
usdchf time frame h6;
audchf time frame h6;
eurjpy time frame h12;
chfjpy time frame h12;
gbpaud time frame h12;
silver time frame daily.
leverage used 1:100
backtest period: jan 2011/may 2014
with this expert you can build a complete trading system. you all need to play with backtest to find for each symbol and time frame the best parameters.
i just suggest to use time frames higher than h4.
if you need more information regarding how to use backtest take a look to the articles
creating custom criteria of optimization of expert advisors
and
guide to testing and optimizing of expert advisors in mql5
.
You may also like: martingale - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#include <expert\expert.mqh>
#include <expert\signal\signalma_simple_crossover.mqh>
#include <expert\trailing\trailingma.mqh>
#include <expert\money\moneyfixedmargin.mqh>
input string expert_title ="ma l world"; // document name
ulong expert_magicnumber =18884; //
bool expert_everytick =false; // .......
⚠ 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.