Modified Moving Averages – expert for MetaTrader 5

Idea by: Gatis.

MQL5 code by: Vladimir Karputov.

A modified EA from the standard delivery: MQL5\Experts\Examples\Moving Average\Moving Average

Parameters “StopLoss” and “TakeProfit” are added. Moreover, if you set parameter “Lots” with a minus, it means that the lot size will never change. For instance, the value of “-0.1” means that the lot of “0.1” will always be the same for all positions.

Get E-Book Worth $100 for Free!!!

Input parameters

  • Lots – lot size; if parameter “Lots” is set with a minus, the lot size will always be the same;
  • Maximum Risk in percentage – maximum risk;
  • Decrease factor – decrease factor;
  • Moving Average period – period of indicator Moving Average;
  • Moving Average shift – horizontal shift of indicator Moving Average;
  • StopLoss – Stop Loss;
  • TakeProfit – Take Profit.

If you set Stop Loss or Take Profit to zero, it means that the parameter is disabled.

0/5 (0 Reviews)