EMA 6.12 – expert for MetaTrader 5

The author of the idea: John Smith, the mq5 code author: barabashkakvn.

The Expert Advisor uses the signals of “crossover of two iMAs (Moving Average, MA)”. The EA uses Trailing Stop and Take Profit. Sell positions are closed when a Buy signal appears, and vice versa.

Take profit and trailing stop can be set to 0 to turn them off.

Input Parameters

  • Lots – position volume;
  • Take Profit (in pips) – Take Profit value;
  • Trailing stop (in pips) – trailing stop value;
  • Trailing Step (in pips) – trailing step value;
  • MA fast: averaging period – averaging period of the fast Moving Average;
  • MA slow: averaging period – averaging period of the slow Moving Average;
  • magic number – Expert Advisor identifier.

Individual parameters should be selected for each symbol. EA’s default parameters are intended for EURUSD,H1. Results:

EMA 6.12 EURUSD H1