MT4 EA closing open positions based on MA | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

I Have 10 Buy Open Positions - I need to calculate 4 Buys open 2 replies

MT4 does not show my open positions 1 reply

Hotkey to liquidate all open positions on MT4? 2 replies

Open positions based on close above / below a horizontal line 0 replies

how to install MT4 and instant closing of all positions 7 replies

Attachments: MT4 EA closing open positions based on MA
Exit Attachments

MT4 EA closing open positions based on MA

  • #1
  • First Post: Edited Oct 10, 2012 11:57pm Oct 9, 2012 9:19am | Edited Oct 10, 2012 11:57pm
This EA is closing open positions (long/short) if the price hits the other side of the moving average (below/above).
It basically works like a stop loss, without the need to trail it manually, while price and moving average fluctuate.

Input Options

 

  1. TimeFrame (1=M1,5=M5,15=M15,30=M30,60=H1,240=H4,1440=D1,10080=W1,43200=MN,0=variable)
  2. MAType (0=SMA,1=EMA,2=SMMA,3=LWMA)
  3. MAPeriod (Number of prices that are calculated into the MA)
  4. MAPrice (0=Close,1=Open,2=High,3=Low,4=Median,5=Typical,6=Weighted)
  5. Tolerance (How far the price is tolerated to break the MA, absolute value)
  6. BarCheck (true=checking previous bar close, false=checking latest price)
  7. Slippage (Maximum deviation from the market price when closing a trade)
  8. AlertMessage (true=shows alert message before closing a trade)

Feel free to share and/or modify this EA.

Note: I've coded it as simple, clean and clear as possible, so it can be the basis for more complex EA's.

Update to Version 1.1: Fixed some major issues and added the AlertMessage Option
Update to Version 1.2: Fixed some minor issues and added the TimeFrame Option
Update to Version 1.2b: Fixed an issue regarding multiple open positions

Attached Image (click to enlarge)
Click to Enlarge Name: ss_ma_close.gif Size: 44 KB
Attached File(s)
File Type: mq4 MA_Close.mq4   3 KB | 5,121 downloads
  • #2
  • Edited 10:20pm Oct 9, 2012 7:06pm | Edited 10:20pm
Sidenote: The EA is checking and acting based on the current symbol/pair and it's current timeframe.
It should work on all timeframes. I'll do some testing soon, to see, if everything works fine.

Edit1: There seems to be a problem, it doesn't close the position on the 1 Minute Chart. I'm checking that.
Edit2: Found an error with conditional statements. Fixing that and checking further.
Edit3: Finally it works. I'll upload the fixed EA asap. Still need to test it on higher timeframes.
  • #3
  • Edited Oct 10, 2012 12:34am Oct 9, 2012 10:45pm | Edited Oct 10, 2012 12:34am
I'll change the EA, so it's working on basis of a constant timeframe.
You can switch the timeframe while it's activated then, without changing EA's operation modus.

Edit: I've fixed some minor issues (some lines of code have gone missing in v1.1) and added the timeframe option.

Everthing should work fine now, but please let me know if something isn't working. I'll fix it asap then.
  • #4
  • Edited Oct 11, 2012 12:03am Oct 10, 2012 9:34pm | Edited Oct 11, 2012 12:03am
After doing some detailed testing and fixing, it's running stable now. No more problems now in my opinion.

The TimeFrame Option "variable" means, the EA changes it's TimeFrame together with the trader changing the chart timeframe

Maybe some of you have got an idea about what to improve or add.
  • #5
  • Oct 23, 2012 6:38am Oct 23, 2012 6:38am
hi
thanks for sharing the EA
is it possible to make another EA the other way round ie the EA will OPEN new order when price cross certain moving average?

thanks
  • #6
  • Apr 9, 2014 11:23am Apr 9, 2014 11:23am
Hi Totoro,

Thanks for the EA ...I will test it out. An idea would be to have an option that only on the close of the bar on the other side of the MA the position to close, not just of the crossover.

4x
  • #7
  • Oct 16, 2014 10:41pm Oct 16, 2014 10:41pm
Dear everyone,


Can anyone just create Alert POP-UP message, if PRICE hit Moving Average (EMA) 100 or 200 or 364.

Please create EA for above ALERT

Many thanks, awaiting your reply.
  • #8
  • Oct 22, 2014 8:29am Oct 22, 2014 8:29am
Very useful EA, thanks!
  • #9
  • Oct 23, 2014 2:12am Oct 23, 2014 2:12am
Quoting 4xPIPAHOLIC
Hi Totoro, Thanks for the EA ...I will test it out. An idea would be to have an option that only on the close of the bar on the other side of the MA the position to close, not just of the crossover. 4x

Exactly! This is what I need. Close position when the price closes above/below MA. Anyone ?
  • #10
  • Apr 22, 2015 5:25am Apr 22, 2015 5:25am
Quoting streamyx
hi thanks for sharing the EA is it possible to make another EA the other way round ie the EA will OPEN new order when price cross certain moving average? thanks
that would be great! i have not found any EA doing this...

does anybody know such an EA?
trading is like dancing, don't think and just listen to the music!
  • #11
  • Apr 22, 2015 5:26am Apr 22, 2015 5:26am
Quoting vincentj
Dear everyone, Can anyone just create Alert POP-UP message, if PRICE hit Moving Average (EMA) 100 or 200 or 364. Please create EA for above ALERT Many thanks, awaiting your reply.
Any crossover alert will do, just set the fast MA to 1 or 2. This way as soon as the bar closes on the other side of the slow MA, the alert will sound.

Of course, if the price is right on the line and it closes above and below - back and forth - it will ring constantly.

It would be nice to have a timer or a bar counter to make it wait a while before giving another signal.

Anyway - here is this Ma crossover alert....
Attached File(s)
File Type: mq4 MA Crossover Alert.mq4   10 KB | 1,585 downloads
  • #12
  • Apr 23, 2015 10:21am Apr 23, 2015 10:21am
Dear Price

Thank you for taking time to program. I want to share this to everyone who read this message.

Each time and every time EMA 200 crosses upwards piercing EMA 300; prices move from 300 pips to 500 pips, retrace and then continue to 700 pips up to 900 pips. Same applies on a down trend .

For effective trading, try plotting the above on any currency pair ( 4 hrs or Daily chart ), lookout for these meeting each other.
Appreciate your comments.

I was also testing following method on a Daily Chart. If you can create Alert Message automatically with these conditions, One can earn min 20 pips a Day or more with a stop loss of previous Day Lowest Price or previous Day highest Price

using 2 candlestick to compare to make a decision (on a Daily Chart ) -

if the 2nd Candlestick closes below the opening of previous Day Chart, or closes below the lowest price of previous Day Chart >>> SELL alert message should be triggered, targetting 20 pips TP with a Stop Loss of of previous Day Lowest Price

if the 2nd Candlestick closes above the opening of previous Day Chart, or closes above the highest price of previous Day Chart >>> BUY alert message should be triggered, targetting 20 pips TP with a Stop Loss of of previous Day highest Price

Regarding how many pips to earn or how much pips to stop loss ; should be manually entered

Can the above be created as a EA? I want to try out on a demo account.
  • #13
  • May 27, 2016 8:24pm May 27, 2016 8:24pm
Quoting Totoro
This EA is closing open positions (long/short) if the price hits the other side of the moving average (below/above). It basically works like a stop loss, without the need to trail it manually, while price and moving average fluctuate. Input Options TimeFrame (1=M1,5=M5,15=M15,30=M30,60=H1,240=H4,1440=D1,10080=W1,43200=MN,0=variable) MAType (0=SMA,1=EMA,2=SMMA,3=LWMA) MAPeriod (Number of prices that are calculated into the MA) MAPrice (0=Close,1=Open,2=High,3=Low,4=Median,5=Typical,6=Weighted) Tolerance (How far the price is tolerated to break the...
Thanks....
  • #14
  • Sep 18, 2016 3:59pm Sep 18, 2016 3:59pm
Quoting Totoro
After doing some detailed testing and fixing, it's running stable now. No more problems now in my opinion. The TimeFrame Option "variable" means, the EA changes it's TimeFrame together with the trader changing the chart timeframe Maybe some of you have got an idea about what to improve or add.
Where is the updated ea ?
The Trend Is Your Friend
  • #15
  • Jan 13, 2017 12:52am Jan 13, 2017 12:52am
Quoting Totoro
This EA is closing open positions (long/short) if the price hits the other side of the moving average (below/above). It basically works like a stop loss, without the need to trail it manually, while price and moving average fluctuate. Input Options TimeFrame (1=M1,5=M5,15=M15,30=M30,60=H1,240=H4,1440=D1,10080=W1,43200=MN,0=variable) MAType (0=SMA,1=EMA,2=SMMA,3=LWMA) MAPeriod (Number of prices that are calculated into the MA) MAPrice (0=Close,1=Open,2=High,3=Low,4=Median,5=Typical,6=Weighted) Tolerance (How far the price is tolerated to break the...
I have checked this EA, it does not work
  • #16
  • Jan 13, 2017 8:53am Jan 13, 2017 8:53am
Strange Discovery; I need Help!

I discover today as I was trading using my hedging strategy that I could not place a pending order within my recovery gap again as the platform kept on saying invalid SL/TP. I sense there was a little volatility in the market then but even for like 1hrs after then, the problem persist.

Someone should kindly help; is it my broker platform setups OR that is the general attitude on MT4?
  • #17
  • Apr 22, 2018 11:22pm Apr 22, 2018 11:22pm
this is a dodgy sales guy I guess
  • #18
  • Jun 7, 2018 4:01pm Jun 7, 2018 4:01pm
I'm looking for a code or an EA, which would position and move the TP line (take profit) according to the movement of an EMA / SMA, thank you, this would help me a lot
  • #19
  • Jun 14, 2019 9:15am Jun 14, 2019 9:15am
Can anyone help me make this fabulous EA (MA_CLose) work on the 1min timeframe?
Thank you
Regards Gemma
  • #20
  • Jun 20, 2019 9:00am Jun 20, 2019 9:00am
Hi everyone.
I'm just so new to forex and to this community.
This is just my 1st post!
As I found this wonderful EA, I registered this site and make a post here to ask for one favor that someone could please help me to convert this EA to MQL5 so I can use it on MT5.
It will be the best thing I ever got on all the online communities I ever joined.
God bless you and make you win win win.
0 traders viewing now