Simple MA System
for MetaTrader 4^®

The Idea Behind the Expert Advisor

The Expert Advisor checks the formed bars to cross two MAs, therefore avoiding false signals. The trading robot checks the current bar and current prices for crossing one of the MAs and the price.

The EA enters a long position if the short-term MA crosses the long-term one upwards. If there is a downward crossover, the EA will enter a short position.

It is also possible to change the conditions for opening Buy and Sell orders using the input parameters.

The Tool Capabilities

The EA has all the necessary functionality to manage positions. In addition to the usual StopLoss and TakeProfit, you can choose whether you need to close a position by a counter signal or have several positions of the same type.

Also, the trading robot will allow you to calculate all the risks for the entire position. You can choose the lot calculation based on a fixed amount (or a percentage of the balance/equity) you are not afraid to lose.

The Input Parameters

The EA parameters are divided into specific categories:

Input Parameters

• Signal Type — allows you to switch the type of monitored signals. You can choose from checking the crossing of two MAs or crossing one of the MAs by the current price.
• Applied Price — applies to price crossing of one of the MAs only. It allows you to choose which price you need to use. The Expert Advisor will react either to the intersection of the Ask (for buy)/Bid (for sell) price of one of the MAs or the current closing price.
• Reverse Trading — allows you to reverse the logic of opening Buy and Sell.

Short-term MA Parameters and Long-term MA Parameters

• Period — the period of the short-term MA.
• Type — how the MA is calculated.
• Applied Price — the price at which the calculation will take place.

Trade Parameters

• Magic Number — the position identifier. You can launch several instances of the Expert Advisor, and their positions will not conflict.
• StopLoss in pips — the StopLoss value that will be used for positions in pips. If set to 0, then the StopLoss will not be set.
• TakeProfit type — the possibility to choose a method for calculating TakeProfit. You can select either a fixed TakeProfit in pips or a RiskRatio based on the StopLoss.
• TakeProfit value — a numerical value used in the TakeProfit calculation.
• Close on the opposite signal — for Signal Type only = MAs cross. It is a possibility to enable or disable closing a position on an opposite signal. If the option is activated, the EA will close the long position when a signal is received. A short position will open.
• Only one trade in one direction — the ability to enable the opening of several positions in one direction. If this option is disabled, the EA will not process signals for the type of position that is already open.

Lot Size Parameters

• Lot type — the lot calculation method. You can choose to use a fixed lot, the calculation from the percentage of the balance/equity, or a fixed amount.
• Risk/Fixed Lot Size — a numerical value used in calculating the lot.
• Risk% from — the ability to choose under what amount the percentage will be calculated. It is either the balance or equity. It is used only if Percent Lot is selected in Lot Type.
• Max Lot Size — the ability to limit the maximum allowable lot size for calculations. It is used only if Percent Lot or Fixed Amount is selected in Lot Type.

Breakeven Parameters

• Use Breakeven — the ability to enable or disable this feature.
• Breakeven Trigger — the value in pips. The EA will move the position StopLoss only when its profit reaches this value.
• Breakeven Value — the value in pips. This value will be added to the original open price when the StopLoss is moved.

An Example of the Work

Technical Requirements

Here is what you need to run this EA:

• A computer capable of running the MetaTrader 4® desktop version.
• MetaTrader 4® installed on your computer or laptop.

Frequently Asked Questions

• What is your refund policy? All sales are final since downloadable products cannot be returned. Please be sure that you are using MetaTrader 4® before buying. If you are having issues with your EA, contact 4xDev Support. We are happy to help.
• Will it work with my broker? This EA will work with any broker that uses the MetaTrader 4® platform.
• Should I use a demo account? It is highly recommended that you use this EA in a demo account before you trade live. Then you will get a feel for how it works.
• Can this EA be used on more than one computer? You can use the EA on any computer you own.
• Does this EA track all timeframes and currency pairs? No, it will only track currency pairs and chart timeframes on opened charts (and on which the EA is attached and correctly configured).