Oscillator of a Moving Average Strategy for MT4

This tutorial shows how OsMA Expert Advisor can be used on charts of MT4 to Trade.

Strategy Premise

The OsMA is a combination of an oscillator and a moving average of that oscillator. It measures the distance between these two values. MAs (of an oscillator) move slower than the oscillator. Therefore, an increasing OsMA is bullish as prices are rising. A decreasing OsMA is bearish as prices are falling. When the OsMA goes from negative to positive that may indicate an uptrend is starting. When the OsMA goes from positive to negative that may indicate a downtrend is starting.

Strategy Logic

Long Entry: When OsMA is Above Zero

Long Exit: Exit happens with Short Entry

Short Entry: When OsMA is Below Zero

Short Exit: Exit happens with Long Entry

MT4 Settings

To start Algo trading with OsMA on MT4, simply follow the steps given below. 

1. Make sure you have completed Jump Start setup
2. Download zipped files from here and extract them. You will find three sub-folders: Experts, Indicators and Include. The files in these sub-folders should be copied in your MT4 directory in the same folders. In MT4 Click on File => Open Data Folder=> Click on MQL4 => Experts folder. Copy-paste the downloaded file to the Expert folder.
3. (Optional, if indicator nor present in your MT4) In MT4 Click on File => Open Data Folder=> Click on MQL4 => Indicator folder. Download the Indicator file from here and copy-paste in your Indicator folder. Also paste files to your Include folder if not already present.
4. In MT4 => Tools => Expert Advisor => Check all option available as shown below.

5. Go to navigator click on refresh to refresh indicator and expert advisor.

6. Now put OsMA Expert Advisor on chart.

7. Change the Input Parameters as per your Requirement.

8. Now put the OsMA Indicator on the chart and Change the Parameter as per the Inputs Set in EA. 

Please note that the input parameters of EA and the indicator should be the same, or the signal generation will not match with the indicator.

Strategy Parameters

Strategy tag – use default STG1 unless trading in multiple strategies

Quantity- You Can also specify Qty in Bridge->Symbol Settings, it will override the Qty given here

Instrument – Set the instrument as per APIBridge

Magic Number- Leave at Default Value (1234567)

Slippage- Set Slippage value or Leave at Default

Volume- Lot Size

Fast EMA Period- Period for Fast EMA

Slow EMA Period- Period for Slow EMA

Signal line Period- Period for the signal Line