EMA Cross 2 Fresh1
From the Old Kings archive: EMA Cross 2 Fresh1, an expert advisor (trading robot) for MetaTrader 4. Judging by its name, it is built around moving averages. In the code it works with moving averages. It moves the stop behind price. It has 9 settings, for example Take Profit (default 130), Stop Loss (default 60) and Lots (default 1). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. 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 EMA Cross 2 Fresh1
EMA Cross 2 Fresh1 is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average. It moves the stop loss behind price (trailing stop / break-even). It has 9 settings, such as Take profit, Stop loss and Lots. MQL source code included.
Files in the download: EMA_CROSS_2Fresh1.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 |
|---|---|---|
| Take profit | 130 | Take profit distance |
| Stop loss | 60 | Stop loss distance |
| Lots | 1 | Trade size in lots |
| Trailing stop | 30 | Trailing stop distance or switch |
| Short ema | 10 | |
| Long ema | 80 | |
| Exit on cross | true | |
| Signal candle | 0 | |
| Magic number | 12345 | Magic number that tells this EA's orders apart |
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 · MT4 Expert Advisor · MQL4 Source Code