Double MA Crossover EA
Double MA Crossover EA — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Judging by its name, it is built around moving averages. Its source code uses moving averages. It moves the stop behind price and can size trades from your risk. It has 30 settings, for example Magic Number (default 2222), Account Is Mini (default false) and Money Management (default false). Watch it on a demo account for a while — robots can behave differently with each broker. Inside: 1 EA file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Expert advisor · MT4 · v1.0 · Free
About Double MA Crossover EA
Double MA Crossover EA is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average. It moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent. It has 30 settings, such as Magic number, Account is mini and Money management. MQL source code included.
Files in the download: DoubleMA_Crossover_EA.mq4.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Magic number | 2222 | Magic number that tells this EA's orders apart |
| Account is mini | false | Change to true if trading mini account |
| Money management | false | Change to false to shutdown money management controls. |
| Trade size percent | 5 | Change to whatever percent of equity you wish to risk. |
| Lots | 3 | standard lot size. |
| Max lots | 100 | |
| Fast ma mode | 0 | 0=sma, 1=ema, 2=smma, 3=lwma, 4=LSMA |
| Fast ma period | 2 | Period or timeframe used by the calculation |
| Fast ma shift | 0 | Bar shift (0 = current bar) |
| Fast ma applied price | 0 | 0=close, 1=open, 2=high, 3=low, 4=median((h+l/2)), 5=typical((h+l+c)/3), 6=weighted((h+l+c+c)/4) |
| Slow ma mode | 0 | 0=sma, 1=ema, 2=smma, 3=lwma, 4=LSMA |
| Slow ma period | 5 | Period or timeframe used by the calculation |
| Slow ma shift | 0 | Bar shift (0 = current bar) |
| Slow ma applied price | 0 | 0=close, 1=open, 2=high, 3=low, 4=median((h+l/2)), 5=typical((h+l+c)/3), 6=weighted((h+l+c+c)/4) |
| Fast slow spread entry | 11 | How many pips separation between MAs for signal |
| Fast slow spread exit | 0 | How many pips separation between MAs for signal |
| Signal candle | 1 | |
| Stop loss | 250 | Maximum pips willing to lose per position. |
| Use trailing stop | true | Trailing stop distance or switch |
| Trailing stop type | 3 | Type 1 moves stop immediately, Type 2 waits til value of TS is reached |
| Trailing stop | 40 | Change to whatever number of pips you wish to trail your position with. |
| First move | 20 | Type 3 first level pip gain |
| First stop loss | 15 | Move Stop to Breakeven |
| Second move | 30 | Type 3 second level pip gain |
| Second stop loss | 20 | Move stop to lock is profit |
| Third move | 40 | type 3 third level pip gain |
| Trailing stop3 | 20 | Move stop and trail from there |
| Take profit | 0 | Maximum profit level achieved. |
| Margincutoff | 800 | Expert will stop trading if equity level decreases to that level. |
| Slippage | 10 | Possible fix for not getting closed |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Experts.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
- Test it first on a demo account or in the Strategy Tester.
Tags: Moving Average · Trailing Stop & Break-even · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code