Moving Average EA MT4/5 Settings/Inputs Guide


✔️ Moving Average EA ΜΤ4©: https://www.mql5.com/en/market/product/45633

✔️ Moving Average EA ΜΤ5©: https://www.mql5.com/en/market/product/47673

Moving Average EA MT4/5 Settings/Inputs Guide

  • Minimum Distance for Same Direction Orders in Points: The minimum distance in points between same direction orders. You can put a large number here (larger than the average daily range of the pair that is traded, for example 3000) in order to open a new trade on the first candle after the Moving Average has changed slope direction and then a new trade on each new change of Moving Average slope direction.

  • Stop Same Signals After Close: True/false of the option to refrain from opening new same direction trades after the first trade of the current direction Heiken Ashi candles has been closed with any kind of closure (TP, SL, BE, Trailing SL or Basket).

  • Use Risk %: True/false of the Risk % option

  • Use Variable Risk %: True/false of the Variable Risk % option. If it is false the above setting is used as a fixed % risk setting.

  • Start Risk %: The % of account’s balance that it will be risked in the first trade. Risk is calculated on Virtual Stop Loss level. If Variable Risk setting is false, this will be the fixed % risk that the EA will use.

  • Step Risk %: The % of account’s balance that the EA will decrease next trade’s risk after a loss or increase after a win. For example if current trade’s risk is 2% and Step Risk % is 0.5%, after a loss next trade’s risk will be 1.5% and after a win 2.5%.

  • Minimum Risk %: The minimum % of account’s balance that the EA will risk on a trade. For example after some consecutive losses the EA will decrease the % risk in steps according to Step Risk %, but it will never risk % less than minimum risk %.

  • Maximum Risk %: The maximum % of account’s balance that the EA will risk on a trade. For example after some consecutive wins the EA will increase the % risk in steps according to Step Risk %, but it will never risk % more than maximum risk %.

  • Minimum Profit/Loss % to Update Risk: The minimum profit/loss % of previous trade’s result, that will force the EA to update next trade’s risk, according to Step Risk % setting. If for example this setting is 0.5% and the profit/loss of last trade is 0.2% profit/loss, the EA will not update risk, even though last trade was profitable/loosing.

  • MA Timeframe: The Timeframe of the Moving Average.

  • MA Period: The Period parameter of Moving Average.

  • MA Method: The Method parameter of Moving Average.

  • MA Applied Price: The Applied Price of the Moving Average.

  • MA Shift: The Shift of the Moving Average in candles/bars.

  • Maximum Distance to MA in Points: The Maximum (Vertical) Distance of the about to open trade from the Moving Average in Points.

  • End Time: The Time the EA will end opening trades on other weekdays.

  • Friday End Time: The Time the EA will end opening trades on Friday.

  • Trade on Monday: True/false option for opening new trades on Mondays.

  • Trade on Tuesday: True/false option for opening new trades on Tuesdays.

  • Trade on Wednesday: True/false option for opening new trades on Wednesdays.

  • Trade on Thursday: True/false option for opening new trades on Thursdays.

  • Trade on Friday: True/false option for opening new trades on Fridays.

  • Close by Opposite Signal: True/False of the option to close same direction trades on an opposite Heiken Ashi color/signal candle.

  • Close All Positions on Friday: True/false option to close all open positions on Friday, before the weekend, in order to avoid gap problems on Sunday night market opening.

  • Close All Positions on Friday Time: The time (in 00:00 format) that the EA will close all open positions on Friday.

* These settings/options are calculated as equity over balance, taking swaps and commissions into account.

✔️ Moving Average EA ΜΤ4©: https://www.mql5.com/en/market/product/45633

✔️ Moving Average EA ΜΤ5©: https://www.mql5.com/en/market/product/47673



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