Specification
//+------------------------------------------------------------------+
//| Moving Average Crossover EA for MT5 |
//+------------------------------------------------------------------+
#include <Trade\Trade.mqh>
CTrade trade;
input int FastMAPeriod = 50;
input int SlowMAPeriod = 200;
input int StopLossPips = 50;
input int TakeProfitPips = 100;
input double RiskPercent = 2.0;
double lotSize;
//+------------------------------------------------------------------+
//| Calculate lot size based on 2% risk |
//+------------------------------------------------------------------+
double CalculateLotSize(double stopLossPoints)
{
double riskAmount = AccountBalance() * RiskPercent / 100.0;
double tickValue = SymbolInfoDouble(_Symbol, SYMBOL_TRADE_TICK_VALUE);
double tickSize = SymbolInfoDouble(_Symbol, SYMBOL_TRADE_TICK_SIZE);
double point = SymbolInfoDouble(_Symbol, SYMBOL_POINT);
double contractSize = SymbolInfoDouble(_Symbol, SYMBOL_TRADE_CONTRACT_SIZE);
double lossPerLot = stopLossPoints * point * contractSize / tickSize * tickValue;
return NormalizeDouble(riskAmount / lossPerLot, 2);
}
//+------------------------------------------------------------------+
//| Expert Tick Function |
//+------------------------------------------------------------------+
void OnTick()
{
// Get the current and previous MAs
double maFastCurrent = iMA(_Symbol, _Period, FastMAPeriod, 0, MODE_EMA, PRICE_CLOSE, 0);
double maFastPrevious = iMA(_Symbol, _Period, FastMAPeriod, 0, MODE_EMA, PRICE_CLOSE, 1);
double maSlowCurrent = iMA(_Symbol, _Period, SlowMAPeriod, 0, MODE_EMA, PRICE_CLOSE, 0);
double maSlowPrevious = iMA(_Symbol, _Period, SlowMAPeriod, 0, MODE_EMA, PRICE_CLOSE, 1);
// Check for crossover
if (maFastPrevious < maSlowPrevious && maFastCurrent > maSlowCurrent) // BUY Signal
{
if (PositionSelect(_Symbol) && PositionGetInteger(POSITION_TYPE) == POSITION_TYPE_SELL)
trade.Close(_Symbol); // Close opposite position
if (!PositionSelect(_Symbol)) // Only if no open position
{
double stopLoss = StopLossPips * _Point;
double takeProfit = TakeProfitPips * _Point;
lotSize = CalculateLotSize(StopLossPips * 10); // pip to point conversion
trade.Buy(lotSize, _Symbol, SymbolInfoDouble(_Symbol, SYMBOL_ASK), stopLoss, takeProfit, "Buy on crossover");
}
}
else if (maFastPrevious > maSlowPrevious && maFastCurrent < maSlowCurrent) // SELL Signal
{
if (PositionSelect(_Symbol) && PositionGetInteger(POSITION_TYPE) == POSITION_TYPE_BUY)
trade.Close(_Symbol); // Close opposite position
if (!PositionSelect(_Symbol)) // Only if no open position
{
double stopLoss = StopLossPips * _Point;
double takeProfit = TakeProfitPips * _Point;
lotSize = CalculateLotSize(StopLossPips * 10); // pip to point conversion
trade.Sell(lotSize, _Symbol, SymbolInfoDouble(_Symbol, SYMBOL_BID), stopLoss, takeProfit, "Sell on crossover");
}
}
}
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