MAVA-XonaX - MetaTrader 4 Expert | Forex Indicator Download - MT4/MT5 Resources

The EA MAVA-XonaX uses moving averages based on the opening and closing prices.

Attach four MA indicators with periods equal to 6 to the H4 EURUSD chart. One is to open based on the opening price MA, and the second one is to close based on the closing price MA. These are signal indicators. The third one is based on the high price MA being high - the last one is based on the low price MA being low .

When the trend is down, the opening price of the candle is higher than the closing price, which means that the moving average based on the opening price will be higher, and vice versa. So if the MA close crosses the MA open from below, sell once the MA opens above the moving average close .

In order to make full use of the MA indicator, the take profit will be taken as the average price difference for a given period, calculated by the formula MA High – MA Low . The stop loss for selling is: 2* (MA is high – the horse is open ), and the stop loss for buying is: 2* (MA is closed – the horse is low ).

The Expert Advisor was tested between February 20, 2015 and July 16, 2015.

Test results:

Attachment download

📎 mava-mql.mq4 (2.74 KB)

Source: MQL5 #13459