EMA Crossover Pro
EMA Crossover Pro
(see EMA Crossover Pro MT4 for MT4 variant)
this EA uses two exponential moving average crossover, a slow ema, and a fast ema on which it takes buy/sell decision.
A default ema configuration is 12 and 35 where 12 is the value of slow ema, and 35 is the value of fast ema.
Expert advisor parameters:
stop loss (greater than 40, but some brokers accept stop loss under 40)
take profit (greater than 40, but some brokers accept stop loss under 40)
trailing_stop (set it as 0 for disabling trailing stop)
slow ema (21 by default)
fast ema (55 by default)
reverse_swing (by default set as 0, set it as 1 for specific volatile market condition. activating this will enable a buy decision when fast ema crosses under slow ema; respectively sell decision when fast ema crosses over the slower ema)
enable_stops (true by default). set it to false only if you don't want the EA to set stop loss and take profit targets for you
Important to know:
- This EA is envisioned for clients that want fully automated trading. the EA is designed to start it and let it trade.
- The EA will open one trade at a time. if you already have a trade manually opened, the EA will open a new trade only after the manually opened trade is closed.
- If you want to use the EA, and also manually trade, let me know via chat message if such feature would help you.
please also check my other Expert advisors:
Make me money EA - https://www.mql5.com/en/market/product/54353 : best for users that want an EA that makes them consistent returns without requiring in depth market knowledge and want trade 100% automatically
TripleEMA - https://www.mql5.com/en/market/product/43341 : like Ema Crossover Pro, but uses three moving averages instead of 2
Neural MACD - https://www.mql5.com/en/market/product/42424: EA that uses a neural network. best fitted only for the mentioned pairs, for which the neural network was trained
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disclaimer: leaving the EA with enable_logs on will use your hard drive space.
2. added one_trade_per_crossover feature
The EA will only allow one trade at a time.
If you wish to manually open trades & have the EA trade simultaneously ping me on private
trailing stop update
added a new parameter named "timeframe"
chose it from the MQL5 predefined list (1 minute -> 1 month) and current. This was added to safeguard the EA from manual timeframe switching
the functionality is represented by enable_stops parameter, which:
by default is set as true (tp and sl, and trailing stop are turned on)
to disable tp and sl, set enable_stops on false. this will make the EA open trades without take profit and stop loss target.
This functionality has been added for accounts with low balance, to allow clients a higher degree of flexibility