This tutorial shows how Moving Average Crossover Expert Advisor can be used on charts of MT4 to Trade.
Strategy Premise
Moving averages are one of the core indicators in technical analysis, and there are a variety of different versions. SMA is the easiest moving average to construct. It is simply the average price over the specified period. The average is called “moving” because it is plotted on the chart bar by bar, forming a line that moves along the chart as the average value changes.
In Moving Average Crossover Strategy Two Moving Averages are used. One is Fast Moving Average (Calculated on Less Candle) and Another is Fast Moving Average (Calculated on more Candles).
Strategy Logic
Long Entry: When Fast MA crosses Above the Slow MA.
Long Exit: Exit happens with Short Entry.
Short Entry: When Fast MA Crosses Below the Slow MA.
Short Exit: Exit happens with Long Entry.
MT4 Settings
To start Algo trading with Moving Average Crossover on MT4, simply follow the steps given below.
- Firstly make sure you have completed Jump Start setup
- 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.
- (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.
- 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 Moving Average Crossover Expert Advisor on chart.
7. Change the Input Parameters as per your Requirement
8. Now put the 2 Moving Average 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.
SlowMovingAveragePeriod- Slow MA Period.
Fast Moving Average Period- Fast MA Period.
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