Moving Average 5
Moving Average 5 is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is moving averages. Its source code uses moving averages. It can size trades from your risk. It has 5 settings, for example Lots (default 0.1), Maximum Risk (default 0.02) and Decrease Factor (default 3). 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 Moving Average 5
Moving Average 5 is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average. It can size trades from your balance and risk percent. It has 5 settings, such as Lots, Maximum risk and Decrease factor. MQL source code included.
Files in the download: Moving Average.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 |
|---|---|---|
| Lots | 0.1 | Trade size in lots |
| Maximum risk | 0.02 | Risk per trade (percent of balance) |
| Decrease factor | 3 | |
| Moving period | 12 | Period or timeframe used by the calculation |
| Moving shift | 6 | Bar shift (0 = current bar) |
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 · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code