Universal Moving Average Crossover
TEST THIS EA ON A DEMO ACCOUNT BEFORE MOVING TO LIVE TRADING
The program is executed at the open of a new bar.
This EA opens trades based on moving average crossovers mainly and MACD confirmation. There are other conditions to trade based on price movements.
Exit rules are based on TakeProfit or StopLoss hit and opposite signals close.
It has some conditions to trail profit.
It is not fit only to one asset or timeframe but it has been developed on forex market.
- Lots: volume size per trade
- RiskPercent: Percent of account balance to risk per trade
- FixedBalance: If it is set to true, the account balance will be freeze when the EA is initiated. If it is set to false, the account's balance to calculate the risk per trade will be taken from the current account´s balance
- MA_FastPeriod: Period for the fast MA
- MA_SlowPeriod: Period for the slow MA
- MA_FilterPeriod: Period for the filter MA
- MA_PriceType: Price type used for MA calculation
- MACD_FastPeriod: Period for the fast MACD MA
- MACD_SlowPeriod: Period for the slow MACD MA
- TakeProfitPercent: Percent of the calculated Stop Loss for set Take Profit target (100 would be 1:1 Ratio, 200 1:2, etc.)
- DistMA_FastToSlow: Minimum distance in pips between Fast MA and Slow MA to open a trade
- DistMA_SlowToFilter: Minimum distance in pips between Slow MA and Filter MA to open a trade
- TrailStopPercent: Percent of the calculated Take profit to move the SL to profit
- MaxSpread: Maximum spread in pips allowed to open a trade
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Error found in how to caltulate the trail profit starting pips. The EA´s main behavior was not affected but the fix makes the EA works as expected on this feature.