MA
crossover MT4
This is a very basic EA that uses 2 MA (any type) and place
orders when the lines crossover. What is more important on this EA is how the
trade is triggered, and managed regarding Entry, SL, TP, etc. There is a panel
and adjustable lines on the chart (entry Pending, SL, TP). Also, mention the
importance of writing an efficient code so the orders will be sending fast
without any delay.
INPUT
lots number
MA 1 type
MA 2 type
Expansion minimum:
Expansion maximum:
Entry buffer: Maximum pips that the price can go away from
“touch price”
Entry pending: “x” pips away from “touch price”
Exit buffer: After a trade is triggered market lose strength
and MA line get melted - ON/OFF
BE+ = IF spot move x pips in favour, EA will move the SL
to BE+ “x" pips
TP= pips
SL: Above/below the “touch price “x” pips; fixed number of
pips;
Trailing stop= above/below the previous bar + buffer; fixed
number of pips.
ENTRY:
Moving Average “touch” and “crossover"
Variables: “touch price”, “expansion value”.
TP, SL lines on the chart so I can adjust them
“live"
EA initiate When the lines touch
Order is activated after the “touch” and the MA expand
(following the rules)
Conditions:
- Entry:
close of the candle, H/L of the candle + pips
- If the
Entry is out of rules, EA will set a pending order “x” pips away from the
MA “touch price”.
- After
the crossover on the first candle the MA expand (MA move away from each
other). This expansion will be measure in pips, so I will say that to
trigger the order the expansion need to be at least 5 pips but no more
than 10.
- Maximum
numbers of pips that the entry could go away from the MA "touch
price”. If the entry is 15 pips away from the first touch of the MA, and
on the set up the condition was 10pips, EA won’t trigger the order.
- if
after the initial expansion of the MA the price turn into the opposite
direction and the lines touch each other (lines melted, one on top of
the other), and the candle close like this, position will close >
ON/OFF.
- If SL
is active, trailing Stop is OFF and vice versa. If I set the trailing stop
during an open position, SL will go OFF (pending order removed) and the
position will be managed now by the Trailing stop conditions.
PANEL
EA activation on the chart ON/OFF
Candle time left counter
EA active from 00:00 to 24:00
Close trade (only related to this EA): panic button
SL:
TP:
BE+:
Trailing stop:
COUNTER:
numbers of signals: count LONG and SHORT
Shows arrows on the chart for entries
Show symbol for none trigger signals
EVERYTHING needs to be tested and working before you send me
the EA, I am not developing this EA so be sure that you have everything in
order, please.
Thanks
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