Advanced Moving Averages 外汇EA

Advanced Moving Average

• Example of how the EA works: When the fast moving average line crosses over the slow moving average line, from below it to above it, this implies that the instrument is in an uptrend, hence a potential buy trade might be opened
• This EA allows you to set up to 21 separate moving average cross over criteria:
• There are 3 Moving Average Crossover input parameter sets
• Each set allows you to set the bars used for the Fast and Slow moving average line
• And it also allows you to indicate up to 7 timeframe which you want to crossover to work on
• There fore this is an extremely robust Moving Average Crossover tool

Key info

• Works on any pair 
• Recommended capital: $1k – $5k per chart, based on starting lot size of 0.01 
• Use it at your own risk, use capital you can afford to lose

Key features

• Extremely lean code and very fast strategy testing
• Unique and well programmed parameters designed to mitigate risk based on the user’s preference
• Optional Stop Loss parameter allows users to turn the martingale recovery method off:
• you’ll be surprised at the lack of a stop loss function on most martingale EAs
• to do that, ensure that the “Stop Loss” input parameter has a value that is lower than the “Point Step” input parameter

INPUT PARAMETERS

Trade Settings

•  Lots – The lot size of the first trade. If input is less than 0.01, it will be rounded to 0.01 which is the smallest lot tradable with most brokers
•  Lot Exponent – The rate at which the lot size increases
•  Lot Exponent Multiplier – The rate at which the Lot Exponent increases
•  Take Profit – Amount of profit (in points) that has to be earned (per mini-lot) before the trade closes. 
•  TP Multiplier – The rate at which the ‘Take Profit’ level changes (this should preferably be less than 1.)
•  Point Step – The minimum distance (in points) before the next trade is allowed to be placed
•  Point Step Multiplier – The rate at which the Point Step increases

Risk Management 

•  Stop Loss – The amount of loss (in points) that has to be incurred before the trade closes. An input of zero nullifies this input.  
    – (To turn the martingale recovery method off, ensure that the “Stop Loss” input parameter has a value that is lower than the “Point Step” input parameter)
•  Max Open Orders – Maximum open orders allowed, after which, the EA will not open new orders
•  Open Subsequent trades on new candle – If set to true, all recovery (average-down) trades can only open at the start of a new candle
•  Open only if current price is worse off than previous trade – If set to true, all recovery (average-down) trades can only open if all the trades in the set are in a loss

Moving Averages Settings

•  Fast MA – This is the number of bars used to determine the FAST MA curve (number has to be smaller than “SLOW MA“)
•  Fast Shift – This is the number of bars which the MA value lags by. Use Zero for the latest price, but zero might result in repainting
•  Slow MA – This is the number of bars used to determine the SLOW MA curve (number has to be larger than “FAST MA“)
•  Slow Shift – This is the number of bars which the MA value lags by. Use Zero for the latest price, but zero might result in repainting
•  MA type – Input a number from 0 to 3 to determine the type of moving average used.
• 0=Simple moving average
• 1=Exponential moving average
• 2=Smoothed moving average
• 3=LinearWeighted Moving average
•  MA price – Input a number from 0 to 6 which will determine the price used to calculate the Moving Average value
• 0=Close
• 1=Open
• 2=High
• 3=Low
• 4=Median
• 5=HighLowClose
• 6=HighLowCloseClose
•  MA timeframe1 – 
• It doesnt matter what timeframe your chart is set at
• Use this parameter to determine the timeframe which you want the MA crossover to operate in
• There are 7 of such parameters, this allows you to set the MA crossover criteria which will be effective for 7 different timeframes
•  MA timeframe2 and onwards – same concept as above