This tutorial applies to the EA ‘MA Crossing Bot‘ whose product web page is accessible by clicking on the picture under:
This product is not only an EA that can open orders when the crossing of two shifting averages happens. Certainly, the primary benefits of this EA are:
- It contains extra filters (third MA, Pivot Factors, different filters might be carried out on demand).
- It has a whole administration of orders (closing on reverse sign, break even, trailing cease, closing earlier than weekend, max misplaced or win / day …).
- It might work with all market watch symbols directly.
Under is the backtest of this EA for EURUSD (default settings) from 01/01/2020:
Detailed options are described on the product web page. Under is the checklist of EA settings with explanations.
-====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 need to use this feature 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 under’ : solely symbols listed within the subject under shall be scanned
Symbols to scan or exclude: write right here symbols to scan (‘Solely symbols listed under’ mode) or to exclude (‘All main foreign exchange pairs’ and ‘Market watch’ mode)
Dealer prefix (if crucial): just for brokers who use prefixes. For instance, sort m for mEURUSD
Dealer suffix (if crucial): just for brokers who use prefixes. For instance, sort m for EURUSDm
If a number of symbols should be entered on this subject, they should be separated by commas
Use Timer: outline buying and selling days and hours
Orders will solely be opened on buying and selling days. Nevertheless, orders might be closed/modified even outdoors of the established time if at the least 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/under 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
-====Shifting averages crossing settings====-
Timeframe: all MT4 timeframes
Warning! If you wish to use the timeframe of the chart, use the worth “CURRENT”!
When you 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
Beneficial 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 situated. The EA will depend 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
-=Shifting common 1 settings=-
Ma1 interval: interval of the first MA
Ma1 technique: SMA / EMA / SMMA / LWMA
Ma1 utilized worth: CLOSE / OPEN / HIGH / LOW / MEDIAN / TYPICAL / WEIGHTED
Ma1 shift: shift of the first MA
-=Shifting common 2 settings=-
Ma2 interval: interval of the 2nd MA
Ma2 technique: SMA / EMA / SMMA / LWMA
Ma2 utilized worth: CLOSE / OPEN / HIGH / LOW / MEDIAN / TYPICAL / WEIGHTED
Ma2 shift: shift of the 2nd MA
-====Filters settings====-
-=third Shifting common settings=-
Use a third MA: checks if worth is above (purchase sign) or under (promote sign) this MA
Ma3 timeframe: all MT4 timeframes
Observe: to keep away from pointless backtests in optimization mode, the ‘Similar than Ma1 & Ma2’ has been added to mechanically present the identical timeframe for Ma3 than for Ma1 & Ma2.
Ma3 interval: interval of the third MA
Ma3 technique: SMA / EMA / SMMA / LWMA
Ma3 utilized worth: CLOSE / OPEN / HIGH / LOW / MEDIAN / TYPICAL / WEIGHTED
Ma3 shift: shift of the third MA
-=RSI settings=-
Use RSI: checks RSI worth earlier than opening an order
RSI Timeframe: all MT4 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
Max RSI worth for a promote order: promote order is opened if RSI < this worth
-=Pivot factors settings=-
Each day PP: checks if worth is above (purchase sign) or under (promote sign) every day PP
Weekly PP: checks if worth is above (purchase sign) or under (promote sign) weekly PP
Month-to-month PP: an identical to the earlier parameter for month-to-month PP
Observe: the extra filters carried out, the less orders shall be opened. When you discover that there aren’t sufficient open orders, strive disabling some filters.
-====Buying and selling settings====-
-=Common settings=-
Enable buying and selling: if false, solely alerts are operational
Magic quantity: should be distinctive if different EA are operating
‘Max open orders’, ‘Max % misplaced/day’ and ‘Max % win/day’ are calculated from the magic quantity. For instance, in case you have 3 EAs with the identical magic quantity, the overall 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 subsequent day (if 0, no max)
The calculation relies on account stability + open orders advantages. As a way to velocity up the backtests, the calculation is finished each hour throughout backtests, as an alternative 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 subsequent day (if 0, no max)
Similar comment than for ‘Max % win/day’.
Max drawdown (in % of fairness): if max worth is reached, the EA open orders are closed and the EA is closed (if 0, no max)
Similar comment than for ‘Max % win/day’, however the calculation is finished each 5 minutes (for backtests and actual buying and selling classes).
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 measurement in % stability
Mounted heaps measurement: lot measurement per order (if ‘Use cash administration’ is ‘false’)
Lot measurement in %: % stability 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 simply 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
Similar comment as ‘Max unfold’.
-=SL & TP settings=-
SL mode: cease loss might be positioned x pips above/under present worth (regular SL mode) or x pips above/under an Ma (Ma SL mode)
In ‘Ma SL mode’, SL is positioned under the Ma for a purchase order and above the Ma for a promote order. For a purchase order, if the Ma is above the worth, the order just isn’t opened. For a promote order, if the Ma is under the worth, 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/under the Ma chosen on this parameter when the order is opened
SL in pips, factors…: cease loss x pips above/under present worth in ‘regular SL’ mode and above/under the chosen Ma in ‘Ma SL’ mode
TP in pips, factors…: take revenue x pips above/under the present worth on the opening of the order whatever the ‘SL mode’ chosen
-=Extra closing settings=-
Shut on reverse crossing: shut the order if the two MA cross within the different route (just for ‘previous_bar’ mode)
If the crossing was not convincing, one other crossing within the different route might happen throughout subsequent bars. This parameter prevents the order from being closed too early.
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/under a Ma: shut order if ask < Ma (purchase order) or if bid > Ma (promote order)
Shut order if worth closes above/under this Ma: MA to make use of for the earlier parameter
-=BE/TS/Grid settings=-
Break even: if ‘true’, break even is activated
Break even revenue in pips, factors…: triggers the break even from a sure revenue in pips, factors…
Trailing cease: if ‘true’, trailing cease is activated
Path revenue in pips, factors…: triggers the trailing cease from a sure revenue in pips, factors…
Path distance in pips, factors…: distance in pips, factors… between trailing cease and worth
Path step in pips, factors…: step in pips, factors… for the trailing cease
Open extra orders: an extra order is opened every time the revenue reaches a step
Max extra orders (by image) : ‘Open extra orders’ should be ‘true’
It’s higher to have smaller heaps than for predominant orders.
It’s higher to have smaller heaps than for predominant orders.
Revenue step in pips, factors… to open an extra order: every time the revenue reaches this step, a brand new order is opened
SL in pips, factors… of extra orders: SL in pips, factors… of the extra orders
TP in pips, factors… of extra orders: TP in pips, factors… of the extra orders
- Earlier than utilizing the ‘All main foreign exchange pairs’ mode, confirm that the 28 main foreign money pairs are current within the “Market Watch” tab of MT5.
- It is suggested to make use of multi-symbol mode for alerts solely. When a worthwhile technique is discovered on a logo, it’s higher to use it in ‘only_symbol_on_the_chart’ mode.
- The EA works for every type of symbols however in some circumstances (relying on the dealer), variations on SL and TP should be achieved with sure kinds of symbols (aside from foreign exchange and indices). On this case, settings in pips or factors should be multiplied by 10 to match the right worth. Instance: for a cease lack of $10 on the Oil image the ‘SL in pips, factors…’ parameter should take the worth 100 and never 10 (x10). Exams might be carried out in backtest to seek out the best worth.
Main foreign exchange pairs :
EURUSD / GBPUSD / USDCHF / AUDUSD / USDCAD / USDJPY / NZDUSD
EURGBP / EURCHF / EURAUD / EURCAD / EURJPY / EURNZD
GBPCHF / GBPAUD / GBPCAD / GBPJPY / GBPNZD
AUDCHF / CADCHF / CHFJPY / NZDCHF
AUDCAD / AUDJPY / AUDNZD
CADJPY / NZDCAD
NZDJPY
