Moving Average EA ΜΤ4 is a fully automated Expert Advisor that takes the trading of Moving Average to a whole new level. Moving Average EA MT4 can either open one buy trade when MA turns up (blue color MA) or one sell trade when MA turns down (red color MA) or can open a new same direction trade on every new candle, as long as the slope direction of the Moving Average remains unchanged. A series of unique settings make this EA extremely versatile, for example the option to limit the distance between same direction orders in order to avoid too many similar level trades or the offset setting that forces the EA to wait for a better price on each new candle. Also a variable risk option has been added to decrease the risk after a loss and increase it after a win. This way you will minimize your losses during abnormal periods. At the same time you are able to control your trading account’s profit and/or loss at a basket level, for all your open positions combined.
Product Installation | Update of a Purchased Product
- Martingale, Grid, Averaging or other dangerous techniques are not used
- New trade on every change of the Moving Average slope direction
- Option for a new same direction trade on each new candle
- Offset setting for a better trade placement after a price retracement
- Variable Risk option protects against consecutive losses
- Hard and Virtual Take Profit and Stop Loss levels
- Basket TP, SL, BE and Trailing SL in % for all open positions combined
- 100% automated Expert Advisor
- MQL5 VPS compatible
How to test Moving Average EA MT4
First you download Colored MA MT4 Indicator and you place it in the MT4 >> File >> Open Data Folder >> MQL4 >> Indicators folder of your MT4 terminal. Then you go to the Market tab of the Terminal window of your MT4 and you download the demo version of the Moving Average EA MT4. Finally you open the MT4 >> View >> Strategy Tester and you load the Moving Average EA MT4 from the Market folder and you perform your backtest. Remember that the default settings are ready for trading EURUSD on H4 timeframe.
[spoiler title=”Read More…”]
- Martingale, Grid, Averaging or other dangerous techniques are not used
- New trade on every change of the Moving Average slope direction
- Option for a new same direction trade on each new candle
- Offset setting for a better trade placement after a price retracement
- Variable Risk option protects against consecutive losses
- Hard and Virtual Take Profit and Stop Loss levels
- Basket TP, SL, BE and Trailing SL in % for all open positions combined
- 100% automated Expert Advisor
- MQL5 VPS compatible
How to test Moving Average EA MT4
First you download Colored MA MT4 Indicator and you place it in the MT4 >> File >> Open Data Folder >> MQL4 >> Indicators folder of your MT4 terminal. Then you go to the Market tab of the Terminal window of your MT4 and you download the demo version of the Moving Average EA MT4. Finally you open the MT4 >> View >> Strategy Tester and you load the Moving Average EA MT4 from the Market folder and you perform your backtest. Remember that the default settings are ready for trading EURUSD on H4 timeframe.
- MA EA’s MT4 default settings are a ready to trade strategy for EURUSD on H4 timeframe. This is the 2020 EURUSD MT5 backtest with MA EA’s default settings.
- Click here for detailed: Moving Average EA MT4 inputs
- Click here for: Colored MA MT4 Indicator
[/spoiler]