Ma Crossing Bot MT5 tutorial – Buying and selling Methods – 17 September 2023

This product isn’t just an EA that may open orders when the crossing of two shifting averages happens. Certainly, the principle benefits of this EA are:

-====Common settings====-

Symbols: symbols for alerts & buying and selling (all or image on the chart)

There are a number of prospects to decide on which symbols must be scanned:
  – ‘Solely image on the chart’ : you must use this selection for backtests or if you wish to apply the bot on the chart image ;
  – ‘All main foreign exchange pairs’ : the bot will scan all 28 main foreign exchange pairs (EUR/USD/GBP/CHF/AUD/NZD/JPY) ;
  – ‘Market watch’ : the bot will scan all market watch symbols ;
  – ‘Solely symbols listed beneath’ : solely symbols listed within the discipline beneath shall be scanned

Symbols to scan or exclude: write right here symbols to scan (‘Solely symbols listed beneath’ mode) or to exclude (‘All main foreign exchange pairs’ and ‘Market watch’ mode)

Dealer prefix (if vital): just for brokers who use prefixes. For instance, sort m for mEURUSD

Dealer suffix (if vital): just for brokers who use prefixes. For instance, sort m for EURUSDm

If a number of symbols have to be entered on this discipline, they have to be separated by commas

Use Timer: outline buying and selling days and hours

Orders will solely be opened on buying and selling days. Nonetheless, orders could be closed/modified even exterior of the established time if a minimum of one of many following parameters is enabled:
  – ‘Max % misplaced/day’ ;
  – ‘Max % win/day’ ;
  – ‘Shut earlier than weekend’ ;
  – ‘Shut on reverse crossing’ ;
  – ‘Shut order if worth closes above/beneath a Ma’ ;
  – ‘Break even’ ;
  – ‘Trailing cease’.

Monday: alerts & buying and selling on Mondays

Tuesday: alerts & buying and selling on Tuesdays

Wednesday: alerts & buying and selling on Wednesdays

Thursday: alerts & buying and selling on Thursdays

Friday: alerts & buying and selling on Fridays

Saturday (crypto): alerts & buying and selling on Saturday (usually for crypto buying and selling)

Sunday (crypto): alerts & buying and selling on Sunday (usually for crypto buying and selling)

Begin time: begin of the session

Finish time: finish of the session

Indicators alerts: terminal and/or smartphone notifs

Buying and selling alerts: terminal and/or smartphone notifs

-====Transferring averages crossing settings====-

Timeframe: all MT5 timeframes

Warning! If you wish to use the timeframe of the chart, use the worth “CURRENT”!

If you happen to use one other worth, the present chart timeframe is not going to have an effect on the Ma calculation.

Crossing validated at: precise bar or as quickly because the bar is closed

Really helpful worth: ‘as quickly because the bar is closed’. An order shall be opened if a crossover is detected throughout the present bar and whether it is nonetheless there when the bar is closed.

Min bars after earlier crossing: the crossing is validated if no crossing throughout the earlier x bars

This setting is there to keep away from market noise and a interval of vary. Because of this if a cross happens, the earlier cross shall be positioned. The EA will rely the variety of bars between the two crossings (present and former). 2 options:

  – Variety of bars < x: the order just isn’t open;

  – Variety of bars >= x: the order is open.

Reversed logic: purchase and promote logic of the two MA crossing is reversed

     -=Transferring common 1 settings=-

Ma1 interval: interval of the first  MA

Ma1 methodology: SMA / EMA / SMMA / LWMA

Ma1 utilized worth: CLOSE / OPEN / HIGH / LOW / MEDIAN / TYPICAL / WEIGHTED

     -=Transferring common 2 settings=-

Ma2 interval: interval of the 2nd  MA

Ma2 methodology: SMA / EMA / SMMA / LWMA

Ma2 utilized worth: CLOSE / OPEN / HIGH / LOW / MEDIAN / TYPICAL / WEIGHTED

Ma2 shift: shift of the 2nd MA

-====Filters settings====-

     -=third Transferring common settings=-

Use a third MA: checks if worth is above (purchase sign) or beneath (promote sign) this MA

Ma3 timeframe: all MT5 timeframes

Ma3 interval: interval of the third  MA

Ma3 methodology: SMA / EMA / SMMA / LWMA

Ma3 utilized worth: CLOSE / OPEN / HIGH / LOW / MEDIAN / TYPICAL / WEIGHTED

     -=RSI settings=-

Use RSI: checks RSI worth earlier than opening an order

RSI Timeframe: all MT5 timeframes

RSI interval: interval of the RSI filter

RSI utilized worth: CLOSE / OPEN / HIGH / LOW / MEDIAN / TYPICAL / WEIGHTED

RSI shift: shift of the RSI filter

Min RSI worth for a purchase order: purchase order is opened if RSI > this worth

     -=Pivot factors settings=-

Each day PP: checks if worth is above (purchase sign) or beneath (promote sign) every day PP

Weekly PP: checks if worth is above (purchase sign) or beneath (promote sign) weekly PP

-====Buying and selling settings====-

     -=Common settings=-

Enable buying and selling: if false, solely alerts are operational

Magic quantity: have to be distinctive if different EA are working

‘Max open orders’, ‘Max % misplaced/day’ and ‘Max % win/day’ are calculated from the magic quantity. For instance, you probably have 3 EAs with the identical magic quantity, the whole variety of orders opened would be the sum of the orders opened in these 3 EAs.

Max open orders: max variety of orders opened concurrently (if 0, no max)

Max % misplaced/day: if max worth is reached, the EA open orders are closed and no different order is opened till the following day (if 0, no max)

The calculation is predicated on account steadiness + open orders advantages. With the intention to velocity up the backtests, the calculation is finished each hour throughout backtests, as a substitute of each minute for an actual buying and selling session.

Max % win/day: if max worth is reached, the EA open orders are closed and no different order is opened till the following day (if 0, no max)

Identical comment than for ‘Max % win/day’.

Shut earlier than weekend: shut all EA orders on Friday

Closing time earlier than weekend: if ‘Shut earlier than weekend’ is ‘true’

Use cash administration: if ‘true’, lot dimension in % steadiness

Fastened tons dimension: lot dimension per order (if ‘Use cash administration’ is ‘false’)

Lot dimension in %: % steadiness per order (if ‘Use cash administration’ is ‘true’)

Max unfold: max allowed unfold to open an order (if 0, no max unfold)

Warning: if the worth of the unfold is just too low, no order shall be opened! To keep away from any drawback, it’s endorsed to set the worth ‘0’ for the backtests.

Max slippage: max allowed slippage to open an order

     -=SL & TP settings=-

SL mode: cease loss could be positioned x pips above/beneath present worth (regular SL mode) or x pips above/beneath an Ma (Ma SL mode)

In ‘Ma SL mode’, SL is positioned beneath the Ma for a purchase order and above the Ma for a promote order. For a purchase order, if the Ma is above the value, the order just isn’t opened. For a promote order, if the Ma is beneath the value, the order just isn’t opened.

Ma for SL (Ma SL mode solely): if ‘Ma SL mode’ is chosen, the SL is x pips above/beneath the Ma chosen on this parameter when the order is opened

SL in pips: cease loss x pips above/beneath present worth in ‘regular SL’ mode and above/beneath the chosen Ma in ‘Ma SL’ mode

     -=Further closing settings=-

Shut on reverse crossing: shut the order if the two MA cross within the different course (just for ‘previous_bar’ mode)

Open an order on reverse crossing: opens a brand new order if one other order simply closed with the ‘Shut on reverse crossing’ parameter

Shut order if worth closes above/beneath a Ma: shut order if ask < Ma (purchase order) or if bid > Ma (promote order)

     -=BE/TS/Grid settings=-

Break even: if ‘true’, break even is activated

Break even revenue: triggers the break even from a sure revenue in pips

Trailing cease: if ‘true’, trailing cease is activated

Path revenue: triggers the trailing cease from a sure revenue in pips

Path distance: distance in pips between trailing cease and worth

Path step: step in pips for the trailing cease

Open extra orders: a further order is opened every time the revenue reaches a step

Max extra orders (by image) : ‘Open extra orders’ have to be ‘true’

Revenue step in pips to open a further order: every time the revenue reaches this step, a brand new order is opened

SL of extra orders: SL in pips of the extra orders

TP of extra orders: TP in pips of the extra orders