Free EA - Moving Average - MT4/MT5 Resources
Hi traders!
I like to keep it simple ! I wrote a very simple EA for MT4. It has the following parameters:
Enter an integer Take Profit = 400;
Enter integer stop loss = 200;
Input integer MA_PERIOD = 50;
Enter the number of hands = 0.01;
Take Profit and Stop Loss units are in pips rather than pips, so if your broker's crossovers have 5 decimal points, then 200 means 20 pips. MA_PERIOD is the period that the EA will use for the moving average. The default value is 50. What it does is basically look for closing prices above or below the moving average and then enter a buy or sell order. It will only open one order at a time, and will not open new orders unless the current order's stop loss or take profit is triggered.
I have run some tests and it seems that using the default parameters works best for the EURUSD 5MIN chart. Please run your own tests and let us know what the optimal pairings, timelines, and parameters are. The initial capital for default parameters should be 100. My motto is to start with as little money as possible and grow as much as possible, as fast as possible.
kind regards,
Marcus
I like to keep it simple ! I wrote a very simple EA for MT4. It has the following parameters:
Enter an integer Take Profit = 400;
Enter integer stop loss = 200;
Input integer MA_PERIOD = 50;
Enter the number of hands = 0.01;
Take Profit and Stop Loss units are in pips rather than pips, so if your broker's crossovers have 5 decimal points, then 200 means 20 pips. MA_PERIOD is the period that the EA will use for the moving average. The default value is 50. What it does is basically look for closing prices above or below the moving average and then enter a buy or sell order. It will only open one order at a time, and will not open new orders unless the current order's stop loss or take profit is triggered.
I have run some tests and it seems that using the default parameters works best for the EURUSD 5MIN chart. Please run your own tests and let us know what the optimal pairings, timelines, and parameters are. The initial capital for default parameters should be 100. My motto is to start with as little money as possible and grow as much as possible, as fast as possible.
kind regards,
Marcus
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