MA crossover robot for MT4

Forex robot for mt4

Goal:

To open trades using two Moving Average (MA) crossovers. To close position only with stop loss or take profit. Must work on all time frames.

Initial trade:

Buy on next open candle when (fast MA) crosses up (slow MA)

Sell on next open candle when (fast MA) crosses down (slow MA)

Exit:

Only when set stop loss or take profit is hit, does not matter what MA is doing.

If take profit is hit then wait for crossover of fast MA and slow MA in opposite direction of successful trade. Open new position on next candle open, after fast and slow MA crossover.

If Stop loss is hit, wait until next candle open to enter opposite direction if fast and slow MA are still confirming that direction of the currency pair is still in the direction of the trade.

Note:

With this logic, we should almost never have two trades in the same direction twice one after another.

Input parameters:

1. lot size

2. stop loss

3. take profit

4. Fast MA - Calculated on Candle Close (need to be able to specify Simple, Exponential or Weighted)

5. Slow MA - Calculated on Candle Close (need to be able to specify Simple, Exponential or Weighted)

6. Magic number of EA

Please ask questions if something is not clear.

Thank you

Alex