simple fx
Info
The simple fx is a Expert Advisor for MetaTrader 5 that the expert advisor is based on moving averages crossing. simple fx ea trades forex automatically using the moving averages.
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 fx
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 expert advisor is based on moving averages crossing.
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: simple moving average (ma) expert advisor - similar expert with strong performance on MetaTrader 5.
the expert advisor is based on moving averages crossing.simple fx ea trades forex automatically using the moving averages.the mas feature customizable period, method and type. order settings (lot size, slippage and magic number) can be changed as well. the ea trades on
any pairs
. the best results are shown on
d1
.
added customizable s/l and t/p
fixed s/l and t/p code
now, the ea waits for the first ma crossing
if an order reaches s/l or t/p, the ea waits for the next ma crossing
critical variables are saved to file automatically
the eaa is very simple. when the short ma is above the long one, the trend is considered bullish. the ea closes sell orders (if any) and opens a buy one. when the short ma is below the long one, the trend is considered bearish. the ea closes its buy orders (if any) and opens a sell one. thus, the ea remains on the market sliding over bullish and bearish trends.
the stop_loss and take_profit variables are optional which means that their values can be left at zero without affecting the ea operation. if you want more control over the ea, you may change them. for example, if you set take_profit to 20, the ea will open positions with a take profit at 20 pips.
You may also like: simple expert advisor: combining sma and adx for effective trading - 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.