Free EA - Moving Average | Forex Factory

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Free EA - Moving Average

  • #1
  • First Post: Edited Dec 14, 2016 8:53am Dec 13, 2016 6:51pm | Edited Dec 14, 2016 8:53am
Hi Traders!

I like to keep it SIMPLE! I have written a very simple EA for MT4. It has the following parameters:

input int TakeProfit = 400;
input int StopLoss = 200;
input int MA_PERIOD = 50;
input double Lots = 0.01;

TakeProfit and StopLoss are in points not pips so if your broker has 5 decimal points for the cross, then 200 means 20 pips. MA_PERIOD is the period that the EA will use for the moving average. The default value is 50. What it does is basically look for the price to close above or below the moving average and then it will enter a buy or sell order. It will only open one order at a time and it won't open a new order unless the current order's StopLoss or TakeProfit is triggered.

I have run a few tests and it seems like that with the default parameters it works best for EURUSD under the 5MIN chart. Please run your own tests and let us know what the best pair, timeline and parameters are. The initial capital for the default parameters should be 100. My motto is to start with as little as possible and grow as much and as fast as possible.

Kind Regards,
Markus
Attached File(s)
File Type: ex4 MovingAverage.ex4   6 KB | 9,090 downloads
  • #2
  • Dec 13, 2016 7:36pm Dec 13, 2016 7:36pm
What is lagging?.
  • #3
  • Dec 13, 2016 7:58pm Dec 13, 2016 7:58pm
Quoting whateveridon
What is lagging?.
Not quite sure what you mean. What do you mean?
  • #4
  • Dec 13, 2016 9:11pm Dec 13, 2016 9:11pm
Quoting whateveridon
What is lagging?.
When something is described as “lagging”, it means that it’s trailing behind something else.

With a lagging technical indicator, it means that it’s trailing behind current price action, and measuring what has already happened. One example would be a moving average, which uses past price levels to calculate the average.
  • #5
  • Dec 13, 2016 9:34pm Dec 13, 2016 9:34pm
Quoting Pips_Cruiser
{quote} When something is described as lagging, it means that its trailing behind something else. With a lagging technical indicator, it means that its trailing behind current price action, and measuring what has already happened. One example would be a moving average, which uses past price levels to calculate the average.
I think l am benefited!.
  • #6
  • Dec 13, 2016 9:38pm Dec 13, 2016 9:38pm
Quoting msg1987
{quote} Not quite sure what you mean. What do you mean?
I think is what “Pips_Cruiser“ user commented. I will study the lagging about my moving average about my research and your strategy.
  • #7
  • Dec 13, 2016 9:49pm Dec 13, 2016 9:49pm
Quoting whateveridon
{quote} I think is what “Pips_Cruiser“ user commented. I will study the lagging about my moving average about my research and your strategy.
If you have any suggestions to improve this EA, let me know and I will try to code it in. But like I said in my post, I like to keep things simple so as long as your suggestion(s) are simple, I will be more than happy to consider implementing them.
  • #8
  • Dec 14, 2016 4:10am Dec 14, 2016 4:10am
Hi msg1987

Thanks for the EA

A couple of questions for you:

1 - Why not having a trailing stop function coded in your ea?
2 - Can you code your ea to not open additional position(s) TP or SL is hit but only trade in the opposite direction when price cross MA?

Thanks again

Regards
Ask and you look stupid for 5 minutes. Don't ask and stay stupid forever.
  • #9
  • Dec 14, 2016 4:38am Dec 14, 2016 4:38am
Quoting EeZeeTrader
Hi msg1987 Thanks for the EA A couple of questions for you: 1 - Why not having a trailing stop function coded in your ea? 2 - Can you code your ea to not open additional position(s) TP or SL is hit but only trade in the opposite direction when price cross MA? Thanks again Regards
Thanks for your feedback and your welcome. I can add TrailingStop later but I wanted to keep things simple for now. Not quite sure what your second point means? The EA currently does not open more than 1 position. I think you mean it should open at least 1 in each direction. Is that what you mean? That sounds like a good idea.
  • #10
  • Dec 14, 2016 4:45am Dec 14, 2016 4:45am
Quoting msg1987
{quote} Thanks for your feedback and your welcome. I can add TrailingStop later but I wanted to keep things simple for now. Not quite sure what your second point means? The EA currently does not open more than 1 position. I think you mean it should open at least 1 in each direction. Is that what you mean? That sounds like a good idea.
Yes that's correct - 1 in each direction. Can you do that?
Ask and you look stupid for 5 minutes. Don't ask and stay stupid forever.
  • #11
  • Dec 14, 2016 7:05am Dec 14, 2016 7:05am
Quoting EeZeeTrader
{quote} Yes that's correct - 1 in each direction. Can you do that?
Yes I can. I will upload a new version with more options later. I will keep your suggestions in mind! Thanks!
  • #12
  • Dec 14, 2016 9:32am Dec 14, 2016 9:32am
Quoting msg1987
What it does is basically look for the price to close above or below the moving average and then it will enter a buy or sell order. It will only open one order at a time and it won't open a new order unless the current order's StopLoss or TakeProfit is triggered.
Bonsoir,
Try with this T3 (attachement) in place of the MA 50.
AND in mq4 if you please !
Probably better results.
I use these Settings on H1 = 13; 0.8
That's all

Thanks
jf

Attached Image (click to enlarge)
Click to Enlarge Name: T3.JPG Size: 48 KB
Attached File(s)
File Type: ex4 T3MA nmc.ex4   11 KB | 2,268 downloads
File Type: mq4 T3MA nmc.mq4   3 KB | 3,392 downloads
  • #13
  • Dec 14, 2016 9:45am Dec 14, 2016 9:45am
Quoting le celte
{quote} Bonsoir, Try with this T3 (attachement) in place of the MA 50. AND in mq4 if you please ! Probably better results. I use these Settings on H1 = 13; 0.8 That's all Thanks jf {image} {file} {file}
Is that an indicator or an EA?
  • #14
  • Dec 14, 2016 9:47am Dec 14, 2016 9:47am
Quoting msg1987
{quote} Is that an indicator or an EA?
An Indy !
  • #15
  • Dec 14, 2016 12:00pm Dec 14, 2016 12:00pm
Bonsoir,
Open source MQ4 please

thanks
jf
  • #16
  • Dec 14, 2016 12:50pm Dec 14, 2016 12:50pm
Hi msg1987, i think its a nice Idear to use the input MA as the SL
  • #17
  • Dec 14, 2016 9:06pm Dec 14, 2016 9:06pm
Quoting le celte
Bonsoir, Open source MQ4 please thanks jf
I added trailing stops and it now opens maximum one order in each direction. I don't know how to use your indicator. Do you know how to do it? I have attached the new source code and the new EA to this message.
Attached File(s)
File Type: mq4 MovingAverage1.0.mq4   3 KB | 5,487 downloads
File Type: ex4 MovingAverage1.0.ex4   9 KB | 3,345 downloads
  • #18
  • Dec 15, 2016 12:55am Dec 15, 2016 12:55am
Merci, thanks Markus
I have a friend, maybe he knows how
It's a T3 (3 MA)

jean-francois
  • #19
  • Dec 15, 2016 7:05pm Dec 15, 2016 7:05pm
Quoting msg1987
{quote} I added trailing stops and it now opens maximum one order in each direction. I don't know how to use your indicator. Do you know how to do it? I have attached the new source code and the new EA to this message. {file} {file}
Morning msq1987,
I am sure as this thread continues there will be many suggestions but keep it simple as per you first post.
"Kiss Principle" is better.
I do not usually use these types of EA's but currently testing on Renko Charts and Daily Charts with different settings.
Have a good day.
Ronald
Ronnie Renko
  • #20
  • Feb 22, 2017 7:07am Feb 22, 2017 7:07am
Hello Markus,

I appreciate your work but it will need more adjustment and we need to keep it simple.

Can we work on the following adjustable parameters:
1. Can the EA be modified to initiate trade once it CROSSES the MA "X" (while it closes any initial trade on the pair).
2. Enter LONG when next candle closed price is ABOVE the MA "X" .
3. Enter SHORT when next candle close price BELOW the MA "X".
4. close current position with profit or loss as price action is ABOVE or BELOW
5. Trail profit, Stoploss, Take profit should also be included.

With this, one can trade profitably by looking for suitable timeframes on different pairs.
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