About the Advanced Moving Average Expert Advisor
The Advanced Moving Average EA for Metatrader 4 is an automated Forex system that’s built around the buy/sell crossover of two moving averages.
In essence, the expert advisor will open a buy trade when the shorter moving average crosses above the longer moving average.
Likewise, the EA will open a sell trade when the shorter moving average crosses below the longer moving average.
From the inputs, you can choose between 4 different moving average types: simple, exponential, smoothed, and linear weighted.
Both moving average periods can be fully adjusted as well. Just try some different periods in a bid to improve the overall trading results.
You can also set the default stop loss, trailing stop, and take profit.
The Advanced Moving Average EA can be used on any time frame and should work for scalping, day trading, and swing trading purposes.
This fully automated trading robot should work with any Forex broker of your preference.
As always, please use this EA on a demo account first to fully understand how it works and how it performs over an extended period.
Free Download
Download the “Adjustable_MA.ex4” expert advisor
Key Features
Customizable Moving Averages
The EA allows you to choose from four different moving average types: Simple, Exponential, Smoothed, and Linear Weighted. Both moving average periods can be fully adjusted to suit your trading preferences.
Adjustable Risk Management
Set your desired stop loss, take profit, and trailing stop levels to manage risk effectively. The EA provides flexibility to tailor these parameters according to your risk tolerance.
Multi-Timeframe Compatibility
Designed to work on any timeframe, the Advanced Moving Average EA is suitable for scalping, day trading, and swing trading strategies.
Broker Compatibility
This fully automated trading robot is compatible with any Forex broker that supports MetaTrader 4, offering versatility in your choice of trading platform.
Trading Chart
The picture below shows the Advanced Moving Average EA attached to the EUR/USD H1 chart.
How the EA Works
- Monitors the crossover of two moving averages to generate trade signals.
- Opens a buy trade when the shorter moving average crosses above the longer moving average.
- Opens a sell trade when the shorter moving average crosses below the longer moving average.
- Manages trades with adjustable stop loss, take profit, and trailing stop settings.
- Closes trades when the opposite crossover occurs or when the stop loss/take profit levels are reached.
Download Now
Download the “Adjustable_MA.ex4” EA
Parameters & Settings
- Currency Pairs: Any
- Timeframe: Any
- Lot Size: Adjustable based on account balance
- Take Profit: Adjustable
- Stop Loss: Adjustable
- Trailing Stop: Adjustable
- Moving Average Periods: Fully adjustable
- Moving Average Types: Simple, Exponential, Smoothed, Linear Weighted
- Slippage: Adjustable tolerance
- Magic Number: Unique identifier for trades
Recommended Trading Setup
- Broker: Any MT4-compatible broker
- Account Type: Standard or ECN
- Minimum Account Balance: $100
- Leverage: 1:100 or higher
- VPS: Recommended for 24/5 operation
- Timeframe: Any
FAQ
What is the minimum account balance required?
The recommended minimum account balance is $100 to ensure sufficient margin for trades.
Which currency pairs does the EA trade?
The Advanced Moving Average EA can be used with any currency pair available on your broker’s platform.
Can I use this EA on a real account immediately?
It’s advisable to test the EA on a demo account first to understand its performance and settings before using it on a real account.
Is the EA compatible with all brokers?
Yes, the Advanced Moving Average EA is designed to work with any Forex broker that supports MetaTrader 4.
Summary
The Advanced Moving Average EA offers a straightforward yet effective approach to automated trading by leveraging the crossover of two moving averages.
With customizable settings and compatibility across various timeframes and currency pairs, this EA provides flexibility to suit different trading styles.
Download the EA today and take the first step towards enhancing your trading performance with automated precision.
