moving average breakout
Info
The moving average breakout is a Expert Advisor for MetaTrader 5 that trending moving averages with a breakout input. input explanation , i'll explain as a buy trade and sells would be inverse.
Usage
This tool is typically used for breakout trading when price moves beyond key support/resistance levels.
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 moving average breakout
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
trending moving averages with a breakout input.
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: Relative Moving Average EA - another powerful expert for MetaTrader 5 traders.
trending moving averages with a breakout input .
input explanation , i'll explain as a buy trade and sells would be inverse.
Also recommended: index moving average expert advisor - similar expert with strong performance on MetaTrader 5.
inp1 20 ema greater than 30emainp2 30 ema greater than 50ema
inp3 open of breakout bar is above 30ema
input4 breakout settings
quite bar count is the number of bar back the breakout is higher than
quite bar range is in pips minimum range of the quite bars.
inpulse strength . set at 1.1 meaning the breakout is atleast 10% above the highs of the breakout quite bar range
set step value for optimization at 0.1 and start at 1 to about 5
input 5 wick length in % value of the whole bar
optimize from 0-100
inp5 minimum and maximum size in pips of the breakout bar.
inp6 the low of the breakout bar must equal or be lower than the 20 ema.
and volume lots stop loss target in pips.
You may also like: simple moving average (ma) expert advisor - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property description "Educational code - RobotFX www.robotfx.org"
#property version "1.0"
#property strict
#define PROJECT_ID "mt5-3491"
#define POINT_FORMAT_RULES "0.001=0.01,0.00001=0.0001,0.000001=0.0001" // this is deserialized in a special function later
#define ENABLE_SPREAD_METER false
#define ENABLE_STATUS false
#define ENABLE_TEST_INDICATORS true.......
⚠ 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.