Simple EMA Cross Scalper: Free MT4 EA Download & Source Code

Overview

Simple EMA Cross Scalper monitors two exponential moving averages, defaulting to 8 and 21 periods, to identify momentum shifts. When a crossover is detected, the robot places pending stop orders with a specified delay and expiration. Risk management is handled through fixed lot sizing and predefined stop loss and take profit levels for every trade. The code is straightforward, though it lacks an external README and uses hardcoded parameters for pair selection.

Dual exponential moving average crossover logic

Pending stop order execution

Fixed lot risk management

Integrated stop loss and take profit targets

Timer-based signal processing

Details

Author

pr1266 on GitHub

Type

Trading robot

Platform

MetaTrader 4 (MQL4)

Strategy

Indicator crossover, Scalping

Markets

Forex, Gold

Timeframes

M1-M5, M15-H1

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

ema_cross.mq4

Source

github.com/pr1266/simple_ema_cross_mql4

How to Install It

1Download the sourceUse "Download source (.zip)" above, or clone pr1266/simple_ema_cross_mql4 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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