Introducing our state-of-the-art Moving Average Crossover Expert Advisor, a sophisticated tool for traders who understand the unparalleled significance of moving averages in the forex market. Our EA isn't just any ordinary tool; it's a powerful blend of precision and customization that offers a multi-layered approach to trading.
Empower your trading strategy with our innovative Moving Average Crossover EA, designed to navigate the complexities of the forex market and put you ahead of the curve. Elevate your trading game and experience the difference!
This EA allows you to automate trades based on moving average crossovers, and configure various settings to fine-tune your trading strategies.
Lets take a look at each one of the following options, one by one.
By right-clicking on your chart and navigating to the "Expert Advisor" option, then properties, you can edit your editable EA settings.
Here's a step-by-step guide on how to set up and configure the EA:
There are 2 options for lot sizing.
lots = 1.0.
RiskPerTrade = .02 denotes a 2% risk.
TrailBars number. This means the stop-loss is placed at the high (for sell trades) or low (for buy trades) of the last
TrailBars number of bars.
FastMA = 20): This is the moving average on which crossovers are based.
MediumMA = 50): This is the moving average that is being crossed by the Fast MA.
SlowMA = 233): The Fast MA should be above this value for buy trades and below for sell trades. If not in use, set it to the same value as Medium MA.
TradingEnabled: Enables or disables automatic trade opening upon crossover detection.
NotifyOnCrossover: When enabled, you receive a notification and an arrow is drawn on the chart for crossovers.
CrossOverEXITS: If enabled, the trade will close upon the detection of an opposing crossover.
BreakEven: Enable a parabolic SAR-based trailing stop and break-even feature, respectively.
InProfitEXITS: Determines the profit percentage at which the trade will close in profit. For instance, a value of 0.1 corresponds to 10%. (Set this using InProfitTP
TrailingStopTrigger: Determines the profit percentage at which the trailing stop gets activated. For instance, a value of 0.05 corresponds to 5%.
BreakEvenTrigger: Defines the profit percentage at which the break-even feature is activated.
ParSarStep: Configures the step value for the Parabolic SAR.
SpreadMult: Multiplies the spread to determine the stop-loss placement, when using the TrailingStopSAR and when a trade is being automatically placed.
If SpreadMult=2, then the trailing stoploss is automatically with the additional spacing of (Spread X 2)
TrailBars: Defines the number of bars to look back for determining the high/low for stoploss and risk calculations for lots.
Define the colors of the arrows drawn on the chart for buy and sell signals using
If you've enabled the
NotifyOnCrossover feature, ensure your MT4 platform is set up to receive notifications. Here's how:
Establishing a chart template greatly streamlines the utilization of any Expert Advisor (EA). Once you've configured your EA settings, you can then customize the chart aesthetics to your preferred design.
By right-clicking on your chart and navigating to the "Template" option, you have the facility to save your chart configurations along with the EA settings as a template.
Should you choose to save this template as the default, any new chart you open will automatically adopt this chart design and the associated EA settings. However, you have the flexibility to name and save this template as per your discretion.
This Ultimate Moving Average Crossover Expert Advisor ("the Advisor") is provided for educational and informational purposes only. It is not intended to be, and should not be construed as, financial, investment, trading, or other types of advice or recommendations.
While the Advisor is based on certain methodologies and strategies believed to be reliable, its accuracy, completeness, or appropriateness for any particular use or purpose cannot be guaranteed. Past performance is not indicative of future results. All trading and investment activities involve risk, and it is possible to lose all of your investment.
Users of the Advisor are strongly advised to conduct their own due diligence and consult with a licensed financial professional before making any trading or investment decisions. We shall not be liable for any direct, indirect, or consequential losses arising from the use of, or reliance on, this Advisor or the information contained therein.
By using the Advisor, you acknowledge and agree to this disclaimer and understand the inherent risks involved in trading and investing.
Now that you're familiar with all the settings of the Moving Average Crossover EA, you can start to customize and deploy it based on your trading preferences. Remember always to test any changes in a demo environment before going live.
FREE DEMO AVAILABLE