This tutorial shows how Moving Average Crossover Expert Advisor (EA) can be used on charts of MT4 to Trade in options.
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
When Crossover gives buy, it will send LE in Call and LX in Put. When Crossover gives sell, it will send LE in Put and LX in
MT4 Settings
To start Algo trading with Moving Average Crossover 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 two sub-folders: Experts 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: For include files, In MT4 Click on File => Open Data Folder=> Click on MQL4 => Include folder. Copy-paste the downloaded file to the Include folder.
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 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 signals will not match with the indicator.
Here are the Strategy Parameters
| Strategy tag | Use default STG1 unless trading in multiple strategies |
| Port | This should be same as API bridge port application will signal from same port |
| Base symbol | Put the base symbol example “BANKNIFTY” here in which you want to place an order |
| Expiry | Put contract expiry here |
| Order type | Select order type here from MARKET,LIMIT, SLL,SLM |
| Instrument | OPTIDX |
| Slow Moving Average Period | Slow MA Period |
| Fast Moving Average Period | Fast MA Period |
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