This is a Metatrader MT4 expert advisor implementing a well known the moving averages cross strategy. From input parameters one can set moving averages' periods, types and used prices. Moreover the standard functionality as supported by all expert advisors originating from the MQL Service is provided. This includes:
- Input position size. Number of lots is automatically adjusted for account type (standard/mini) and minimum lot step size (1/0.1/0.01);
- Money management setting the lot size as percentage of the account balance;
- Stop loss (it can be disabled);
- Take profit (it can be disabled);
- Trailing stop including adjustable trailing start level and trailing step size (it can be disabled);
- Break even logic (it can be disabled);
- One trading window (e.g. from 7:00 to 19:00, but it can be set to continuous mode too);
- Screen shot debug function. When set true a screen shot is made for every position opening and closing. This allows to analyze trade set-ups and check the execution.
Example of backtesting results of such an expert are here. They show a net profit of 100% per month trading only with a 10% of available margin.
A source code version price of this expert is exactly the same as ordering it with the MQL Service. We offer also a compiled only version at reduced price.