Introduction The Moving Average Multi-Currency EA utilizes a dual Moving Average (MA) strategy to identify trends and execute trades based on the comparison between two MAs. It is designed with configurable parameters, such as timeframe, period, shift, method, and applied price, to adapt to various market conditions. Additionally, the EA supports advanced features like grid recovery, hedging, martingale strategies, position sizing, and day/time filters, making it versatile for different trading strategies.
You can download the product from here Moving Average Multi Currency EA MT5
Features Overview
Input Parameters
Core Indicator Settings
Moving Average 1 Settings
- MA1_TIMEFRAME: Select the timeframe for MA 1 calculation.
- Default: PERIOD_CURRENT .
- MA1_MODE: Select the MA method for MA 1 (Simple, Exponential, Smoothed, Linear Weighted).
- MA1_PERIOD: Defines the period for MA 1 calculation.
- MA1_SHIFT: Set the shift for the MA line.
- MA1_APPLIED_PRICE: Select the price type for MA 1 calculation (Close, Open, High, Low).
Moving Average 2 Settings
- MA2_TIMEFRAME: Select the timeframe for MA 2 calculation.
- Default: PERIOD_CURRENT .
- MA2_MODE: Select the MA method for MA 2 (Simple, Exponential, Smoothed, Linear Weighted).
- MA2_PERIOD: Defines the period for MA 2 calculation.
- MA2_SHIFT: Set the shift for the MA line.
- MA2_APPLIED_PRICE: Select the price type for MA 2 calculation (Close, Open, High, Low).
Multi-Currency Settings
- Pairs:
- A comma-separated list of currency pairs to trade.
- Example: EURUSD, GBPUSD, USDJPY .
Group Stop-Loss/Take-Profit Settings
- Group Stop-Loss (in Currency):
- Close all trades if the combined loss across all pairs reaches this value.
- Default: -100.0 .
- Group Take-Profit (in Currency):
- Close all trades if the combined profit across all pairs reaches this value.
- Default: 100.0 .
Additional Features
- Refer to the EA’s settings for additional configurations related to:
- Grid Recovery
- Hedge Strategy
- Martingale Strategy
- Day and Time Filters
- Position Sizing
- Alerts and Notifications
How It Works
- The EA compares two moving averages (MA1 and MA2) on each specified currency pair.
- A buy signal occurs when MA1 crosses above MA2, while a sell signal occurs when MA1 crosses below MA2.
- Recovery strategies (Grid, Hedge, Martingale) are applied to manage losses or risk, as configured.
- Trades are monitored for cumulative profit or loss. If the stop-loss or take-profit for all trades is met, the EA closes all positions across all pairs.
