2MA_4Level - MetaTrader 5 Expert | MT5 EA Download - MetaTrader 5 Resources
The Expert Advisor uses the values of two iMA (Moving Average, MA) indicators.
The author of the idea — Yuri Tokman , the author of the MQL5 code — Barabashkakon .
Working principle
2 SMA – fast and slow. The average period of a fast SMA is always smaller than the average period of a slow SMA.
The following levels are also used:
+ 250 points along Y direction
+ 500 points along Y direction
- 250 points in Y direction
- 500 points in Y direction
Attachment download
📎 2ma_4level.mq5 (25.5 KB)
Source: MQL5 #17239
2MA_4Level - MetaTrader 5 Expert | MT5 EA Download - MetaTrader 5 resource usage and screening suggestions
2MA_4Level - MetaTrader 5 Expert | MT5 EA Download - MetaTrader 5 resources are MT5 EA related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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