Example of how the EA works: When the fast moving average line crosses over the slow moving average line, from below it to above it, this implies that the instrument is in an uptrend, hence a potential buy trade might be opened
This EA allows you to set up to 21 separate moving average cross over criteria:
There are 3 Moving Average Crossover input parameter sets
Each set allows you to set the bars used for the Fast and Slow moving average line
And it also allows you to indicate up to 7 timeframe which you want to crossover to work on
There fore this is an extremely robust Moving Average Crossover tool
Key info
Works on any pair
Recommended capital: $1k - $5k per chart, based on starting lot size of 0.01
Use it at your own risk, use capital you can afford to lose
Key features
Extremely lean code and very fast strategy testing
Unique and well programmed parameters designed to mitigate risk based on the user's preference
Optional Stop Loss parameter allows users to turn the martingale recovery method off:
you'll be surprised at the lack of a stop loss function on most martingale EAs
to do that, ensure that the "Stop Loss" input parameter has a value that is lower than the "Point Step" input parameter
INPUT PARAMETERS
Trade Settings
Lots
- The lot size of the first trade. If input is less than 0.01, it will be rounded to 0.01 which is the smallest lot tradable with most brokers
Lot Exponent
- The rate at which the lot size increases
Lot Exponent Multiplier
- The rate at which the Lot Exponent increases
Take Profit
- Amount of profit (in points) that has to be earned (per mini-lot) before the trade closes.
TP Multiplier
- The rate at which the 'Take Profit' level changes (this should preferably be less than 1.)
Point Step
- The minimum distance (in points) before the next trade is allowed to be placed
Point Step Multiplier
- The rate at which the Point Step increases
Risk Management
Stop Loss -
The amount of loss (in points) that has to be incurred before the trade closes. An input of zero nullifies this input.
-
(To turn the martingale recovery method off, ensure that the "Stop Loss" input parameter has a value that is lower than the "Point Step" input parameter)
Max Open Orders -
Maximum open orders allowed, after which, the EA will not open new orders
Open Subsequent trades on new candle -
If set to true, all recovery (average-down) trades can only open at the start of a new candle
Open only if current price is worse off than previous trade -
If set to true, all recovery (average-down) trades can only open if all the trades in the set are in a loss
Moving Averages Settings
Fast MA -
This is the number of bars used to determine the FAST MA curve (number has to be smaller than "
SLOW MA
")
Fast Shift
-
This is the number of bars which the MA value lags by. Use Zero for the latest price, but zero might result in repainting
Slow MA -
This is the number of bars used to determine the SLOW MA curve (number has to be larger than "
FAST
MA
")
Slow Shift
-
This is the number of bars which the MA value lags by. Use Zero for the latest price, but zero might result in repainting
MA type -
Input a number from
0
to
3
to determine the type of moving average used.
0
=Simple moving average
1
=Exponential moving average
2
=Smoothed moving average
3
=LinearWeighted Moving average
MA price
-
Input a number from
0
to
6
which will determine the price used to calculate the Moving Average value
0=Close
1=Open
2=High
3=Low
4=Median
5=HighLowClose
6=HighLowCloseClose
MA timeframe1
-
It doesnt matter what timeframe your chart is set at
Use this parameter to determine the timeframe which you want the MA crossover to operate in
There are 7 of such parameters, this allows you to set the MA crossover criteria which will be effective for 7 different timeframes
