Alpha Silver Cross EA

Overview
Alpha Silver Cross V2.0 is an Expert Advisor for MetaTrader 4 that trades a moving-average crossover with an ATR-based volatility confirmation.
It is designed to run on the chart where it is attached and evaluates signals on new bars.
The EA supports configurable Stop Loss and Take Profit, plus optional indicator-based exits.
Built-in protections include spread and exposure limits, daily limits, and account-level equity protections.
An optional news filter can suspend new entries around scheduled events when enabled.

What the EA Does
The EA checks a fast/slow Simple Moving Average crossover to define trade direction.
Before opening a trade, it confirms market activity using an ATR condition.
If protections allow, it opens a BUY or SELL using the configured fixed lot size.
Positions can be managed by fixed SL/TP and, if enabled, additional exit rules (DeMarker and Standard Deviation).
The EA is designed to manage one active position per symbol and Magic Number.
A status panel can display key information and protection states for monitoring.

Key Features

  • SMA crossover entries with ATR volatility confirmation

  • Fixed SL/TP placement, with ECN-style fallback if required by broker rules

  • Optional indicator-based exits using DeMarker and Standard Deviation conditions

  • Entry protections: spread filter, max positions, max total lots

  • Daily protections: max daily loss and daily drawdown with reset hour

  • Account protections: min/max equity and max equity drawdown percent

  • Optional news filter with currencies, impact level, and time buffers

  • On-chart panels for position info and EA status

Risk Management & Safety Notes
Trading involves risk, and losses are possible. This EA does not guarantee results and is not financial advice.
Execution conditions such as spread, slippage, swaps, gaps, and broker stop levels can affect entries and exits.
SL/TP distances should be validated for your broker’s symbol specification (digits, contract size, minimum stop distance).
Daily and account protections can suspend new entries and may close positions when triggered, depending on settings.
If the news filter is enabled, the terminal must allow WebRequest as required by the EA, otherwise news data may not load.
Always test in Strategy Tester (historical simulation) and then on a demo account before using a live account.
Use conservative position sizing and define your own account-level loss limits.

Inputs
Trading

  • Magic_Number: trade identifier for this EA instance

  • Entry_Amount: fixed lot size

  • Stop_Loss (pips): 0 disables SL

  • Take_Profit (pips): 0 disables TP

Indicators & Signals

  • Fast/Slow MA periods: Ind0Param0 / Ind0Param1

  • ATR period: Ind1Param0

  • DeMarker period & level: Ind2Param0 / Ind2Param1

  • StdDev period & level: Ind3Param0 / Ind3Param1

Protections

  • Max_Spread (points): 0 disables spread filter

  • Max_OpenPos / Max_OpenLots: 0 disables each limit

  • Daily: MaxDailyLoss / Max_Daily_DD / Daily_Reset

  • Account: Min_Equity / Max_Equity / MaxEquity_DD

News Filter

  • News_Priority: Disabled / High only / High and Medium

  • News_Currencies: comma-separated list (example: "USD,EUR")

  • Buffers: News_BeforeHigh/AfterHigh and News_BeforeMedium/AfterMedium

  • News_ViewCount: upcoming events shown on chart

Display

  • Pos_Stat: show position information on chart

  • Robot_Stats: show EA status/statistics on chart

Setup

  1. Copy the EA file to MQL4/Experts and restart MT4 (or refresh the Navigator).

  2. Open the intended symbol chart (commonly used: XAGUSD) and set the timeframe (commonly used: M15).

  3. Attach the EA to the chart, enable AutoTrading, and allow live trading in the EA settings.

  4. Set Magic_Number if you run multiple EAs or multiple instances.

  5. Configure Entry_Amount, Stop_Loss, Take_Profit, and exit logic inputs as needed.

  6. Configure protections (spread, exposure, daily, account) to match your risk limits.

  7. If using the news filter, enable WebRequest permission in terminal options (the EA reports status in Journal/on-chart messages).

Recommended Evaluation
Use Strategy Tester as a historical simulation to confirm order placement, SL/TP behavior, and exit timing on bar open/close.
Test with realistic trading costs (spread/commission) similar to your broker environment.
Forward-test on a demo account to observe execution effects such as slippage, spread changes, and stop-level constraints.
Verify that protections trigger as expected (spread blocking, daily limits, equity protections).
If enabling the news filter, confirm that upcoming events appear on a live chart (Strategy Tester does not download news).
Evaluate across more than one market phase, including both quiet and volatile periods.

Compatibility
Platform: MetaTrader 4 (MT4).
Symbol: intended for XAGUSD (Silver); broker suffixes may apply (for example, XAGUSDm).
Timeframe: commonly used on M15; other timeframes require your own re-evaluation of inputs.
Account type: works on MT4 accounts that allow EAs; broker trading conditions apply.
News filter requires an active internet connection and WebRequest permission.

FAQ
Q: Does the EA open multiple positions?
A: It is designed to manage one active position per symbol and Magic Number.

Q: Does it use martingale, grid, or averaging?
A: No. It uses single entries based on signals and manages trades with SL/TP and exit conditions.

Q: Why was an entry blocked?
A: Spread limits, max positions/lots, daily/account protections, or the news filter can block new entries. Check the on-chart status and Journal messages.

Q: Do I need to enable anything for the news filter?
A: Yes. When News_Priority is enabled, WebRequest permission must be allowed as required by the EA.

Q: Can I change SL/TP and indicator settings?
A: Yes. These are inputs. Re-test after changes to confirm behavior on your broker.

Q: Where can I get support?
A: Support is provided via MQL5 comments or MQL5 messages only.

Changelog
2.0 (2025-12-21): Base code update; current indicator, protection, and news-filter configuration for this version.
Earlier versions: see the Market “Versions” tab.





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Experts
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5 (5)
Experts
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MQL TOOLS SL
5 (16)
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Big Forex Players MT4
MQL TOOLS SL
4.73 (44)
Experts
We proudly present our cutting-edge robot, the  Big Forex Players EA  designed to maximize your trading potential, minimize emotional trading, and make smarter decisions powered by cutting-edge technology. The whole system in this EA took us many months to build, and then we spent a lot of time testing it. This unique EA includes three distinct strategies that can be used independently or in together. The robot receives the positions of the  biggest Banks  (positions are sent from our database t
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5 (3)
Experts
Bazooka EA – Expert Advisor de Tendência e Momentum para MT4 MT5:  https://www.mql5.com/en/market/product/163078 Importante:   Publicamos regularmente arquivos .set atualizados na seção de   Comentários . Certifique-se de usar a versão mais recente em seus backtests e operações reais para garantir o desempenho ideal diante da atual volatilidade do mercado. Bazooka EA é um Expert Advisor totalmente automatizado para MetaTrader 4 , desenvolvido para operar movimentos direcionais do mercado por mei
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