MT4-Moving Average Crossover EA

How it works?

• This EA trades with Fast MA and Slow MA crossovers.
• Moving Average will base its value on the current time frame.
• Only allows one open trade at a time.
• Two strategy to choose,  crossover and trend following.
• Optimize risk management settings for lot size and martingale.

Strategy:

Crossover

• Opens a Buy position if the Slow MA crosses below Fast MA.
• Opens a Sell position if the Slow MA crosses above Fast MA.

Trend Following

• Opens a Buy position if the Slow MA is below Fast MA.
• Opens a Sell position if the Slow MA is above Fast MA.
  

Parameters:

• Magic Number - return an identifying (magic) number of the currently selected order.
• Choose Order Type - Option to choose Long Only, Short Only or both to open a trade.
• Strategy - The option to choose Crossover or Trend Following.
• Max Spread Pips - distance between Ask and Bid, at which you allow the EA to open a trade.
• Max Slippage - The difference between the expected price of a trade, and the price the trade actually executes at which you allow the EA to execute an order.
• Indicator Bar Value - The option to choose current bar value or closed bar value.
• New Bar Execution - if its true, opening and closing on reverse trend will only happen every new bar/after a close bar.
  - if its false, opening and closing on reverse trend will immediately execute once all condition is met.
  
  
• ~~~~~Fast Moving Average Settings~~~~~
• Fast Moving Average Period - Averaging period for the calculation of the fast moving average.
• MA Method - Fast Moving Average method. It can be any of enumeration values. SMA, EMA, SMMA, LWMA.
• Applied Price - used to specify the desired price base for calculations.
• Shift- Fast Moving Average shift value
• ~~~~~Slow Moving Average Settings~~~~~
• Slow Moving Average Period - Averaging period for the calculation of the slow moving average.
• MA Method -Slow Moving Average method. It can be any of enumeration values. SMA, EMA, SMMA, LWMA.
• Applied Price - Slow used to specify the desired price base for calculations.
• Shift-Slow  Moving Average shift value
• ~~~~~Risk Management Settings~~~~~
• Start Lot - Starting lot size.
• Loss Factor - Multiplier of last lot size if the last trade was a loss.
• Max Consecutive loss - Maximum Consecutive loss, it will restart to starting lot size if reached.
• Stop Loss - Stop loss value relative to open price. Measured in pips.
• Take Profit - Take profit value relative to open price. Measured in pips.
• Trailing Stop - The Trail distance of stop loss from the current price.
• Trailing Step - Modify Stop order in steps when moves price moves to its favor, set 0 to deactivate.
• Trail above break even - if set to true it will only trail if calculated stop loss moves in favor of the order open price. (Above Buy Order Open Price, Below Sell Order Open Price)
• Close on Reverse Trend - if set to true, it will close open trade if it met the condition in reverse of opening the trade.
• ~~~~~Time and Day Filter Settings~~~~~ - For Opening of Trades Only.
• Daily Start Time - Starts to open a trade.
• Daily Stop Time - Ends to stop opening a trade.
• Monday - Trade on Monday.
• Tuesday - Trade on Tuesday.
• Wednesday - Trade on Wednesday.
• Thursday - Trade on Thursday.
• Friday - Trade on Friday.
• ~~~~~Alert Settings~~~~~
• Send Email
• Audible Alerts
• Push Notifications

Martingale is a very risky strategy!

Do not trade with money you can’t afford to lose!

Consider withdrawal as a part of the strategy!

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