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Modifiable MT5 Moving Average Cross EA

50 USD

Demo downloaded: 72

Published: 17 September 2021

Current version: 1.0

Modifiable MT5 Moving Average Cross EA

Experts
Graham Kaiya
Version: 1.0
Activations: 20

Modifiable Moving Average Cross Expert Advisor

This Expert Advisor (EA) is based on the cross of two moving averages; i.e; “Moving Average 1” and “Moving Average 2”.

“Moving Average 1” has to always be greater than “Moving Average 2”. (So that it logically makes sense; unless one is just trying out different stuff).

If “Moving Average 2” crosses above “Moving Average 1”, the program will enter a BUY trade.

If “Moving Average 2” crosses below “Moving Average 1”, the program will enter a SELL trade.

Users are able to define and modify the lot size, take profit and stop loss.

Take profit and stop loss are defined in pips.

This is a very simple to use moving average cross expert advisor that users can configure and optimize different variables to fit their preferences.

It can run on almost any financial instrument or asset.

Example of a scenario;

Using the 9 and 36 moving averages to enter trades on the GBPUSD using the 1 hour timeframe targeting a take profit of 30 pips and a stop loss of 20 pips.

Currency pair = GBPUSD

Currency Timeframe/Period = 1 Hour

Order Send Parameters

Lot Size = 0.01
Take Profit = 30
Stop Loss = 20

Moving Average(s) Settings

Moving Average 1 = 36
Moving Average 2 = 9
Moving Average Shift = 0
Moving Average Method = Simple
Moving Average Type of Price or Handle = Close Price

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NB: The EA will apply and use the currency and timeframe based on the chart you place the EA on.

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More info:

Website: https://financebeta.com/

Telegram Channel: https://t.me/FinanceBeta

Telegram Group Chat: https://t.me/joinchat/KOChvq5dglFmMmQ9

Twitter: https://twitter.com/FinanceBeta

Instagram: https://www.instagram.com/financebeta/

Facebook: https://web.facebook.com/FinanceBeta

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