Trading robot · MT4 · MT5

MA Cross Scale In

by OrchardForexTutorials

This educational expert advisor for MetaTrader 4 and 5 demonstrates a logic for scaling into winning positions.

GitHub stars9
Forks4
Last update4 years ago31 Jul 2022
LicenceGPL-3.0

Overview

MA Cross Scale In utilizes a simple moving average crossover strategy for initial trade entries. The primary feature is a function that detects when a current position has reached a specific profit target to trigger additional orders in the same direction. As a tutorial placeholder, the implementation is intentionally incomplete, lacking built-in trailing stops or loss-management functions. It allows users to configure moving average periods and the dollar-based profit threshold for scaling.

Details

Author

OrchardForexTutorials on GitHub

Type

Trading robot

Platform

MetaTrader 4 (MQL4) and MetaTrader 5 (MQL5)

Strategy

Indicator crossover

Markets

Forex

Timeframes

Any timeframe

Risk profile

  • Trades without a fixed stop loss

Input parameters

Read from MA Cross Scale In.mq5. Defaults are the author's; change them in the EA's Inputs tab.

NameTypeDefaultDescription
InpFastPeriodint10fast ma period
InpSlowPeriodint50slow ma period
InpProfitTargetdouble10.00Target profit amount
InpLotSizedouble0.01lot size
InpMagicint222222magic number
InpTradeCommentstringMA CrossTrade comment

How to install it

  1. 1Download the sourceUse "Download source (.zip)" above, or clone OrchardForexTutorials/220306_scale_into_position from GitHub, and unzip it.
  2. 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts or MQL5/Experts.
  3. 3Copy the filesCopy the .mq4 / .mq5 file into Experts, and any .mqh files into the Include folder the code expects.
  4. 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
  5. 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.

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