About the Moving Average
The Moving Average is the most used indicator and is by default included in Metatrader 4 and 5. A Simple Moving Average is calculated on the Average of the desired Close Prices of each candle. The Moving Average indicator has 4 different methods of calculation. Simple, Exponential, Smoothed and LinearWeighted. The default period setting is 14.
Trade logic of this forex robot
The Moving Average EA is a forex robot and uses one Moving Average to trade. If a candle crosses the Moving Average from below, the EA will enter a long position. Vice Versa for the short position.
MA Trend Filter
The Moving Average EA has the normal MA Trend Filter function included in all 3 version and has 3 additional settings. Activate this filter to get better entry signals.
Advanced MA Trend Filter Settings:
- Price: Trades only if the current price is above/below the MA Trend Filter.
- Signal MA: Trades only if the Signal Moving Average is above/below the MA Trend Filter.
- Slope: Trades only if the slope of the MA Trend Filte in a upwards/downwards direction.
Reverse On Opposite Signal
Since version 2.00, the PRO version has an Reverse On Opposite Signal function. If this function is active, the EA has a long position open and there is a short signal, the EA will close the long position and enter a short position.
Parameters for the Moving Average EA
Timeframe = The timeframe on which the EA should work regardless what timeframe your chart is set to.
Averaging period = Averaging period of the Moving Average (default is 80)
Shift = The indicator shift relative to the chart (default is 0)
Averaging method = The methods of the price series
Applied price = The price values , on which calculations will be performed
All versions have variable Magic Number, Take Profit, Stop Loss, Lot Size and Slippage.
|Trade on new Bar|
|MA Trend Filter|
|Additional MA Trend Filter Settings|
|Reverse on Opposite Signal|
MT4 Basic v2.00
MT4 Advanced v2.00
MT4 Pro v2.00
Aug 25, 2016
Tweak: Re-written the strategy for more stability
Update: The MA Filter is now available in all version
Added: “Reverse On Oppsite Signal” (only pro version)
Added: New “Additional MA Trend Filter settings” in all versions
Removed: The “high/low” strategy in all versions
Removed: “Trade max. once per bar” (for security reasons with this EA)
Jan 13, 2016
Minor updates and fixes in all MT4 versions
Sep 24, 2015
Initial release MT4 Pro
Apr 11, 2015
Some improvements in all MT4 versions
Added “Max once per Bar” function to all MT4 Advanced and Pro versions
Feb 09, 2015
Bug fixed when opening an order
open/close and high/low option added
Feb 07, 2015
Initial release MT4 Basic and MT4 Advanced
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