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2017.01.26 09:21
Experts

EMA_WMA - expert for MetaTrader 5

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Published by:
Vladimir Karputov
Views:
624
Rating:
votes: 13
EMA_WMA.mq5 (17.59 KB)view

Author of the idea — Vladimir Khlystovauthor of the MQL5 code — barabashkakvn.

Intersection of two iMA (MA).

From the author of the idea: 

Users often ask to write a simple Expert Advisor.

The presented EA does not claim to be able to save the deposit from "blowing". Its task is to verify theories.

Here is one of them, hopefully, author of the idea will not mind:

Use two lines — WMA 8 and EMA 28.

When WMA crosses EMA from below — open upward position.

When WMA crosses EMA from above — open downward position.

Once the position is opened, set orders: Take Profit 50 points (from Open), Stop Loss 50 points (from Open + spread).

Tips:

  • Trade using a fixed deposit size — 10% with a leverage of (1:100).
  • The system is not suitable for all currency pairs.
  • If the trend reversed and WMA crossed EMA in the direction opposite to the opened position — open a position in the direction of the trend, while closing the previous one (of course, the old orders should be deleted and new ones should be placed).

 

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/17056

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