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MMM Money Flow Index and Moving Averages

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The main strategy of the Expert Advisor is based on the use of two types of indicators: two built-in biased MFI (Money Flow Index) to measure fluctuations in the asset price and two moving averages calculated at the opening and closing prices to confirm the trend. It combines the signals of these indicators to get stronger signals and ensure high-quality trading of the Expert Advisor.

The second strategy places a new order in the opposite direction from the losing order as soon as it reaches the minimum negative profit specified in the “Minimum Loss Value to Reverse (in currency value)”parameter. If there is a losing sell order, the strategy will place a buy order, and vice versa. This strategy attempts to capitalize on unexpected market behavior that is the opposite of the indicator’s predictions. Select the values of the input parameters based on the optimization in the strategy tester.

To protect the deposit, the Expert Advisor uses:

  • Trailing stop to protect profits. As soon as the order goes into positive profit, the EA sets a stop loss at a certain distance to protect the positive profit;
  • The spread limit prevents the opening of orders when the spread is expanded. Usually brokers use a floating spread;
  • Minimum equity percentage to limit risk. The Expert Advisor can be allocated a certain percentage of the funds to work with;
  • Limit on the number of pending orders. Thus, protection against account loss due to a large number of pending orders.
  • Bad time for trading allows you to determine the hours when the Expert Advisor does not trade (the time of opening orders).

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  • Closes orders with any profit of value over in currency: closes an order when the profit in the deposit currency is reached;
  • Take profit (order profit ceiling): this is the traditional take profit in pips;
  • Stop loss (loss limit): traditional stop loss in pips;
  • Lots volume to trade: volume of transactions;
  • Trailing stop loss: the distance of the trailing stop. If you enter an invalid distance, the Expert Advisor will use the minimum allowed distance. If zero (0), the parameter is disabled;
  • Orders expiration time in minutes: the order expiration time in minutes (expired pending orders will be closed). If zero (0), the parameter is disabled;
  • Maximum number of simultaneous orders: limit on the number of pending orders;
  • Minimum equity percentage to allow opening new orders: the minimum amount of equity required to open new orders, as a percentage;
  • Maximum Spread allowed for operations: maximum allowed spread for opening orders;
  • Magic Number: the magic number for the EA’s orders;

Setting the time of suspension of trading:

  • Defines the starting hour the EA will not trade (0..23h): the hour of the beginning of the period in which the EA will not trade (only hours). If = -1, disabled;
  • Defines the ending hour the EA will not trade (0..23h): the end hour of the period in which the EA will not trade (only hours). If = -1, disabled;

Indicator Parameters:

MFI:

  • MFI period: the period for calculating the MFI indicator;
  • MFI shift: Offset of the MFI indicator;
  • MFI Open Buy: the lower level of the MFI at which a buy signal is generated;
  • MFI Open Sell: the upper level of the MFI at which a buy signal is generated;

Moving averages:

  • Open Price MA period: the period for calculating the moving average for opening prices;
  • Low Price MA period: the period for calculating the moving average for the minimum prices;
  • Open Price MA line color: color of the moving average line for opening prices;
  • Low Price MA line color: the color of the moving average line at the lowest prices;

Parameters of the second strategy:

  • Minimum Loss Value to Reverse (in currency value): the minimum loss of the first order at which the opposite order will be placed. Not used if set to 0.
Attention! The default values are optimized for the EURUSD pair on the M15 timeframe with a spread of 15 in hedging mode. Optimize the Expert Advisor in the strategy tester to select the best parameters for your pair, timeframe, spread, and account type. This is very important, so it is highly recommended to optimize for successful trading. Optimize the input values as needed.

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