Adjustable MA Forex Expert Advisor Free Download Adjustable MA Forex Expert Advisor Free Download
Adjustable MA Forex Expert Advisor (EA) is a customizable moving average EA that can flexibly adjust the traditional 2-MA crossover strategy. You can set different MA periods, types, minimum spreads, stop loss, take profit, trailing stop loss and slippage. The expert advisor always opens a position on a cross and closes a position on the next cross.
The back-tested Adjustable MA MetaTrader Forex Expert Advisor for six years has shown a profit of approximately 12.2% and a maximum drawdown of approximately 12.6%. Set the used position volume to 0.1 standard lots. The Forex EA conducted 647 transactions, 56.41% of which were profitable. This backtest uses the default settings EUR/USD M5 mt4 chart. As you can see, the test results are not that great. It is not recommended to use this Forex EA on a real account.
EA input parameters
Main Parameters
- Period_1 (default = 20) is the first moving average setting period.
- Period_2 (default = 22) is the second moving average setting period.
- MA_Method (default = MODE_EMA) — indicator method for moving average (MA) calculation.
- MinDiff (default = 3) — Minimum difference between cross-counted MAs.
- StopLoss(SL) (default = 0) — stop loss (SL) distance in points. Set to zero to disable.
- TakeProfit(TP) (default = 0) — TakeProfit(TP) distance in points. Set to zero to disable.
- trailing stop (default = 0) — trailing stop value in chart points. Set to 0 to disable.
EA money management
- Lots (default = 0.1) — the number of trade entries. Use if UseMM is set to false .
- UseMM (default = false) — if true , a money management model based on available free account margin is used to calculate the entry position size.
- LotsPer10000 (default = 1) — the number of trading lots per $10,000 of free trading margin on the account.
Miscellaneous
- Slippage (default = 3) — acceptable chart price slippage in pips.
- OrderCommentary (default = "Adjustable MA") — a comment for the position opened by this EA.
Mini FAQ
What are the Stop Loss (SL) and Take Profit values of this EA?
By default, a Fixed Stop Loss (SL) of 100 pips and a Take Profit of 70 pips are used. By default, trailing stops are always off.
What is the frequency of transactions?
This Forex EA will trade on an average 5 minute EUR/USD chart (backtest setting) every day.
Are there other settings available besides the main default settings?
A limited forward chart test (which should be more reliable than a backtest) on the AUD/USD M5 mt4 chart shows some great setups from this expert advisor. These default parameters should be changed:
- StopLoss — 30
- TakeProfit — 50
- trailing stop — 20
- Period_1 — 50
- Period_2 — 10
This EA is compatible with ECN
If trading with an ECN broker ( market execution for orders), you cannot set stop loss/take profit when opening a position. You have to open a position without StopLoss/TakeProfit and then modify it, adding StopLoss and TakeProfit levels. The EA always does this automatically.
Free download of adjustable MA expert advisor
Download the Adjustable MA Expert Advisor (EA) for MetaTrader 4
Download Adjustable MA Expert Advisor for MetaTrader 5
Discussion
Warning!
Before you ask basic questions about installing Expert Advisors, read the MT4 Expert Advisor tutorials in the documentation to get the basic knowledge of handling them.
Do you have trading results or any other comments about this expert advisor? Discuss Adjustable MA with other traders and MQL programmers on the expert forum.
483a502a_Adjustable_MA_mt4.zip
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