Moving Average Crossover Expert Advisor with Filter
Info
The Moving Average Crossover Expert Advisor with Filter is a Expert Advisor for MetaTrader 5 that this expert advisor (ea) detects moving average crossovers and uses an additional moving average as a filter for trades. It replaces the original IMA call with ICustom for enhanced indicator integration.
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 Moving Average Crossover Expert Advisor with Filter
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 Advisor (EA) detects moving average crossovers and uses an additional moving average as a filter for trades.
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: Moving Average Crossover Expert Advisor - another powerful expert for MetaTrader 5 traders.
This Expert Advisor (EA) detects moving average crossovers and uses an additional moving average as a filter for trades. It replaces the original IMA call with ICustom for enhanced indicator integration. The EA visualizes the moving averages in different colors on the chart or in the Strategy Tester's visual mode.Also recommended: Relative Moving Average EA - similar expert with strong performance on MetaTrader 5.
Trading can be initiated with stop, market, or limit orders. The EA also manages Stop Loss, Take Profit, and Trailing Stop orders.
Lot size calculation can be set to manual or based on a risk percentage of the account balance.
Input Parameters:
First Moving Average Parameters:
- Period
- Shift
- Method
- Color
Second Moving Average Parameters:
- Period
- Shift
- Method
- Color
Third Moving Average Parameters (Filter):
- Period
- Shift
- Method
- Color
Money Management Parameters:
- Lot Size Manual (True) or Risk Percentage (False)
- Lot Size (if Manual)
Trading Parameters:
- Risk Percentage per Trade (if Lot Size is not Manual)
- Order Type (Stop, Market, or Limit based on Pip value)
- Stop Loss (in Pips)
- Take Profit (in Pips)
- Trailing Stop (0 to disable)
- Trailing Step (if Trailing Stop is enabled)
- Magic Number
- Slippage
You may also like: index moving average expert advisor - 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.