simple ea ma plus ma c d
Info
The simple ea ma plus ma c d is a Expert Advisor for MetaTrader 5 that this is a simple expert advisor using two indicators: ima (moving average, ma) and imacd (moving average convergence/divergence, macd). the ea opens only one position at a time, therefore it is able to work both on hedging and netting accounts.
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 simple ea ma plus ma c d
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 is a simple expert advisor using two indicators: ima (moving average, ma) and imacd (moving average convergence/divergence, macd).
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: Simple EMA Cross Expert Advisor with Stop Loss, Take Profit, and Magic Number - another powerful expert for MetaTrader 5 traders.
Also recommended: msnr plus aeu ea - similar expert with strong performance on MetaTrader 5.
this is a simple expert advisor using two indicators: ima (moving average, ma) and imacd (moving average convergence/divergence, macd). the ea opens only one position at a time, therefore it is able to work both on hedging and netting accounts.first, the indicator looks for a signal bar: when a new bar (#0) appears, check if macd indicator in bar #1 crosses the zero line. a crossing means a signal bar has been found. sample signal sell bar:
as soon as a signal bar is found, remember high and low prices of a signal bar and wait till the price breaks through one of the prices. in case of a sell bar: if the price breaks through low, open sell,
if the price breaks through high, reset the sell signal.
You may also like: simple moving average (ma) expert advisor - excellent alternative for expert users on MetaTrader 5.
Source Code
/.......
⚠ 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.