MA Crossover CloseExit EA v1 - Forex Robot for MT4

Discover the power of the MA Crossover CloseExit EA v1, an expert advisor designed for MetaTrader 4. This forex robot employs advanced strategies based on moving average crossovers to optimize trading performance. Tested on brokers like LQDFX and FXOpen, this EA is versatile and compatible with any broker. Elevate your trading experience with this reliable and efficient tool. Download the "ma_crossover_closeexit_ea_v1.mq4" file now and enhance your forex strategy.

You should to post your results, Have you done backtest yet?

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Can you make a version when price Cross & closes Above Below User Moving Average Of Choice?

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About MA Crossover CloseExit EA v1
https://mt4talk.com/misc.php?action=pun … download=1

The EA uses two moving averages (MA): a fast MA and a slow MA. When these cross, it's action time - this EA opens or closes trades based on these MA crossovers.
Imagine two lines on a chart - one moves faster, and the other is slower. These are your moving averages (MAs). The EA watches these lines closely. When the fast one jumps over the slow one, it's a hint to buy. And when it drops below the slow one, it's a cue to sell. It's like watching for high and low tides in the ocean to decide when to surf!

You can set it to work on various timeframes, from 1 minute to 1 month.
It considers different price types (like close, open, high, low) for more flexibility.
There is an option to control your trade size based on your account balance.
To protect your gains, it uses a trailing stop loss that adjusts automatically.
You can set it to trade only during specific market hours.
Set your desired stop loss and take profit levels.

Adjustable Parameters:

TradeTimeFrame: Pick how often you want the EA to check for trade opportunities. Like choosing between a quick sprint or a marathon. This sets the timeframe for the EA to operate in. It determines how often the EA will check the market for trading signals.
Suggested Setting: 1 Hour (H1). This is a balanced choice for capturing significant market movements without too much noise from shorter timeframes.
FastMA_Mode and SlowMA_Mode: These parameters define the types of moving averages used. Options include simple (SMA), exponential (EMA), smoothed (SMMA), and linear weighted (LWMA).
Suggested Setting: Both set to 1 (EMA). The Exponential Moving Average is popular as it gives more weight to recent price data.
FastMA_Period and SlowMA_Period: These define the number of periods used to calculate the fast and slow moving averages.
Suggested Setting: FastMA_Period at 5 and SlowMA_Period at 12. This setup allows for a responsive yet not overly sensitive MA crossover system.
FastMA_AppliedPrice and SlowMA_AppliedPrice: Determines the price type (like close, open, high, low) to which the moving average is applied.
Suggested Setting: Both set to 0 (close price). The closing price is a common choice as it reflects the final consensus of value for each period.
Stop Loss and Take Profit: Set limits for how much you're willing to lose and what profit you aim to take. These parameters set the levels for stop loss (to limit losses) and take profit (to secure profits).
Suggested Setting: StopLoss at 250 pips and TakeProfit at 500 pips. This 1:2 risk-reward ratio is a common strategy to balance potential profits and losses.
UseTrailingStop and TrailingStopType: This feature adjusts your stop loss automatically as the trade goes in your favor. Determines whether to use a trailing stop loss (which moves with the price to secure profits) and the type of trailing stop to use.
Suggested Setting: UseTrailingStop set to true, and TrailingStopType set to 3 (a multi-level trailing stop). This setting helps to lock in profits while allowing some room for the price to move.
Trading Hours Filter (TradeAsianMarket, TradeEuropeanMarket, TradeNewYorkMarket): Choose when you want the EA to trade. These settings allow you to filter trades based on the market hours of major forex markets (Asian, European, New York).
Suggested Setting: This depends on your strategy. You might choose to trade during the European market hours (TradeEuropeanMarket = 1) for more volatility.

Remember, these are just suggested settings based on common practices. The best setup for you will depend on your individual trading style, risk tolerance, and the specific market conditions you are trading in. Always test any new settings in a demo environment before applying them to a live account.

I think the EA is pretty cool for a few reasons. Its simplicity makes it great for beginners, but it’s also thorough enough for experienced traders. The flexibility to adjust settings means it can fit various trading styles and risk tolerances. Plus, the trailing stop loss feature is a big plus - it helps manage risk without needing to watch the market every second.

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