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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.

<img src=“image.jpg” alt= “Moving Average Crossover MT4” title= “image tooltip”>

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.

<img src=“image.jpg” alt= “Moving Average Crossover MT4” title= “image tooltip”>

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

6: Now put Moving Average Crossover Expert Advisor on chart.

<img src=“image.jpg” alt= “Moving Average Crossover MT4” title= “image tooltip”>

7: Change the Input Parameters as per your Requirement. 

<img src=“image.jpg” alt= “Moving Average Crossover MT4” title= “image tooltip”>

8: Now put the 2 Moving Average Indicator on the chart and Change the Parameter as per the Inputs Set in EA.

<img src=“image.jpg” alt= “Moving Average Crossover MT4” title= “image tooltip”>

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 tagUse default STG1 unless trading in multiple strategies
PortThis should be same as API bridge port application will signal from same port
Base symbolPut the base symbol example “BANKNIFTY” here in which you want to place an order
ExpiryPut contract expiry here
Order typeSelect order type here from MARKET,LIMIT, SLL,SLM
InstrumentOPTIDX
Slow Moving Average PeriodSlow MA Period
Fast Moving Average PeriodFast MA Period