This MetaTrader 4 expert advisor is a scalper designed for the five-minute timeframe across several Forex pairs. It utilizes three strategies based on overbought and oversold market conditions to execute trades. Risk management features include a fixed hard stop loss, a virtual take profit and stop loss derived from an
Trading robot · MT4
Moving Average EA
This MetaTrader 4 expert advisor executes trades based on price distance from a Moving Average.
GitHub stars1
Forks0
Last update8 years ago31 Oct 2017
LicenceNone stated
Overview
Moving Average EA monitors whether the current price is within or outside specific bands defined by a margin parameter. When price exceeds these boundaries, the system manages pending buy stop and sell stop orders to capture market movements. Risk management is handled through user-defined fixed stop loss and take profit levels, along with a maximum spread filter and a consecutive loss limit that pauses trading. The repository lacks a README.
- Price distance bands around moving average
- Pending order management for buy and sell stops
- Consecutive loss limit functionality
- Fixed risk parameters for stop loss and take profit
- Configurable maximum spread filter
Details
Author
syusuke9999 on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Mean reversion
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.
EA files
Input parameters
Read from MovingAverageEA.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
MAPeriod | int | 200 | ˆÚ“®•½‹Ïü‚ÌŠúŠÔ |
MarginPips | double | 30.0 | ㉺‚ÉŽæ‚éPips |
TP | double | 10 | ƒŠƒ~ƒbƒgiPipsj |
SL | double | 30 | ƒXƒgƒbƒviPipsj |
InitialLots | double | 0.01 | ‰Šúƒƒbƒg |
MagicNumber | int | 68451 | ƒ}ƒWƒbƒNƒiƒ“ƒo[ |
Consecutive_Loss_Limit | int | 3 | ˜A‘±•‰‚¯‰ñ” |
Spread | double | 5 | ãŒÀƒXƒvƒŒƒbƒh |
DebugMode | bool | false |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone syusuke9999/MovingAverageEA from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts.
- 3Copy the filesCopy the .mq4 file into Experts.
- 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
- 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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