MA Trend - expert for MetaTrader 5

MA Trend - expert for MetaTrader 5

Idea by: Dmitry

mq5 code by: barabashkakvn

The Expert Advisor uses indicator iMA (Moving Average, MA). It has many settings:

  • Only one positions - only one position can be held in the market
  • Reverse - reversal of trading signals
  • Close opposite - forcedly closing opposite positions when receiving a trading signal

Generating trading signals, where all parameters are set by default:

The current ASK price is higher than the indicator value on bar #1 -> a signal to open a BUY position

The current BID price is lower than the indicator value on bar #1 -> a signal to open a SELL position

And how it looks in the MQL5 code:

      else if(m_symbol.Bid()<ma[1])

A sample of how it works where parameters of Only one positions are false and true:

MA Trend

The next sample of Only one positions - true, Reverse - false, and Close opposite - true: A BUY position was opened, and then a signal for opening a SELL position was received. Since Close opposite - true, then the BUY position was closed first (as it was opposite to the signal) and only after that the SELL position was opened.

MA Trend

Download MA Trend - expert for MetaTrader 5

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