This tutorial applies to the EA ‘MA Crossing Bot MT5‘ whose product web page is accessible by clicking on the picture beneath:
This product is not only an EA that can open orders when the crossing of two shifting averages happens. Certainly, the primary benefits of this EA are:
- It contains extra filters (third MA, RSI, Pivot Factors…).
- It has an entire administration of orders (closing on reverse sign, break even, trailing cease, closing earlier than weekend, max misplaced or win / day …).
- It could possibly work with all market watch symbols directly.
Beneath is the backtest of this EA for GBPUSD (default settings) from 01/01/2024:
Detailed options are described on the product web page. Beneath is the listing of EA settings with explanations.
-====Basic settings====-
Symbols: symbols for alerts & buying and selling (all or image on the chart)
There are a number of potentialities to decide on which symbols ought to be scanned:
– ‘Solely image on the chart’ : you need to use this feature for backtests or if you wish to apply the bot on the chart image ;
– ‘All main foreign exchange pairs’ : the bot will scan all 28 main foreign exchange pairs (EUR/USD/GBP/CHF/AUD/NZD/JPY) ;
– ‘Market watch’ : the bot will scan all market watch symbols ;
– ‘Solely symbols listed beneath’ : solely symbols listed within the area beneath can be scanned
Symbols to scan or exclude: write right here symbols to scan (‘Solely symbols listed beneath’ mode) or to exclude (‘All main foreign exchange pairs’ and ‘Market watch’ mode)
Dealer prefix (if needed): just for brokers who use prefixes. For instance, sort m for mEURUSD
Dealer suffix (if needed): just for brokers who use prefixes. For instance, sort m for EURUSDm
If a number of symbols should be entered on this area, they should be separated by commas
Use Timer: outline buying and selling days and hours
Orders will solely be opened on buying and selling days. Nonetheless, orders will be closed/modified even exterior of the established time if no less than one of many following parameters is enabled:
– ‘Max % misplaced/day’ ;
– ‘Max % win/day’ ;
– ‘Shut orders earlier than weekend’ ;
– ‘Shut on reverse crossing’ ;
– ‘Shut order if value closes above/beneath a Ma’ ;
– ‘Break even’ ;
– ‘Trailing cease’.
Monday: alerts & buying and selling on Mondays
Tuesday: alerts & buying and selling on Tuesdays
Wednesday: alerts & buying and selling on Wednesdays
Thursday: alerts & buying and selling on Thursdays
Friday: alerts & buying and selling on Fridays
Saturday (crypto): alerts & buying and selling on Saturday (usually for crypto buying and selling)
Sunday (crypto): alerts & buying and selling on Sunday (usually for crypto buying and selling)
Begin time: begin of the session
Finish time: finish of the session
Indicators alerts: terminal and/or smartphone notifs
Buying and selling alerts: terminal and/or smartphone notifs
Person remark: permits every motion of the robotic to be recognized, will be left clean
-====Shifting averages crossing settings====-
Crossing validated at: precise bar or as quickly because the bar is closed
Advisable worth: ‘as quickly because the bar is closed’. An order can be opened if a crossover is detected through the present bar and whether it is nonetheless there when the bar is closed.
Min bars after earlier crossing: the crossing is validated if no crossing through the earlier x bars
This setting is there to keep away from market noise and a interval of vary. Which means if a cross happens, the earlier cross can be situated. The EA will depend the variety of bars between the two crossings (present and former). 2 options:
– Variety of bars
– Variety of bars >= x: the order is open.
If Ma1 and Ma2 use totally different timeframes, the Ma1 timeframe is the default timeframe for this setting.
Reversed logic: purchase and promote logic of the two MA crossing is reversed
-=Shifting common 1 settings=-
Ma1 Timeframe: all MT5 timeframes
Warning! If you wish to use the timeframe of the chart, use the worth “CURRENT”!
For those who use one other worth, the present chart timeframe won’t have an effect on the Ma calculation.
Ma1 interval: interval of the first MA
Ma1 methodology: SMA / EMA / SMMA / LWMA
Ma1 utilized value: CLOSE / OPEN / HIGH / LOW / MEDIAN / TYPICAL / WEIGHTED
Ma1 shift: shift of the first MA
-=Shifting common 2 settings=-
Ma2 Timeframe: all MT5 timeframes
It is strongly recommended to make use of the worth “Identical as Ma1” to have the identical timeframe for each shifting averages.
Ma2 interval: interval of the 2nd MA
Ma2 methodology: SMA / EMA / SMMA / LWMA
Ma2 utilized value: CLOSE / OPEN / HIGH / LOW / MEDIAN / TYPICAL / WEIGHTED
Ma2 shift: shift of the 2nd MA
-====Filters settings====-
-=third Shifting common settings=-
Use a third MA: checks if value is above (purchase sign) or beneath (promote sign) this MA
Ma3 timeframe: all MT5 timeframes
Notice: to keep away from pointless backtests in optimization mode, the ‘Identical as Ma1 & Ma2’ has been added to routinely present the identical timeframe for Ma3 than for Ma1 & Ma2. If Ma1 and Ma2 use totally different timeframes, the Ma1 timeframe is the default timeframe for the worth ‘Identical as Ma1 & Ma2’.
Ma3 interval: interval of the third MA
Ma3 methodology: SMA / EMA / SMMA / LWMA
Ma3 utilized value: CLOSE / OPEN / HIGH / LOW / MEDIAN / TYPICAL / WEIGHTED
Ma3 shift: shift of the third MA
-=RSI settings=-
Use RSI: checks RSI worth earlier than opening an order
RSI Timeframe: all MT5 timeframes
RSI interval: interval of the RSI filter
RSI utilized value: CLOSE / OPEN / HIGH / LOW / MEDIAN / TYPICAL / WEIGHTED
RSI shift: shift of the RSI filter
Min RSI worth for a purchase order: the RSI should be higher than this worth to validate a purchase order
Max RSI worth for a purchase order: the RSI should be decrease than this worth to validate a purchase order
Min RSI worth for a promote order: the RSI should be higher than this worth to validate a promote order
-=ADX settings=-
Use ADX: checks ADX worth earlier than opening an order
ADX Timeframe: all MT5 timeframes
ADX interval: interval of the RSI filter
Min ADX worth for a purchase or promote order: the ADX should be higher than this worth to validate a purchase or promote order
-=Pivot factors settings=-
Every day PP: checks if value is above (purchase sign) or beneath (promote sign) every day PP
Weekly PP: checks if value is above (purchase sign) or beneath (promote sign) weekly PP
Month-to-month PP: equivalent to the earlier parameter for month-to-month PP
Notice: the extra filters carried out, the less orders can be opened. For those who discover that there aren’t sufficient open orders, attempt disabling some filters.
-====Buying and selling settings====-
-=Basic settings=-
Permit buying and selling: if false, solely alerts are operational. It’s also potential to take into consideration purchase orders or promote orders solely.
Magic quantity: should be distinctive if different EA are operating
‘Max open orders’, ‘Max % misplaced/day’ and ‘Max % win/day’ are calculated from the magic quantity. For instance, you probably have 3 EAs with the identical magic quantity, the entire variety of orders opened would be the sum of the orders opened in these 3 EAs.
Max open orders: max variety of orders opened concurrently (if 0, no max)
Max misplaced/day (in % of fairness): if max worth is reached, the EA open orders are closed and no different order is opened till the subsequent day (if 0, no max)
The calculation relies on fairness and never stability. With a view to pace up the backtests, the calculation is completed each hour throughout backtests, as a substitute of each minute for an actual buying and selling session.
Max win/day (in % of fairness): if max worth is reached, the EA open orders are closed and no different order is opened till the subsequent day (if 0, no max)
Identical comment than for ‘Max misplaced/day (in % of fairness)’.
Max drawdown (in % of fairness): if max worth is reached, the EA open orders are closed and the EA is closed (if 0, no max)
Identical comment than for ‘Max misplaced/day (in % of fairness)’, however the calculation is completed each 5 minutes (for backtests and actual buying and selling classes).
Shut orders earlier than weekend: shut all EA orders on Friday
Closing time earlier than weekend: if ‘Shut orders earlier than weekend’ is ‘true’
Use cash administration: if ‘true’, lot dimension in % stability
Mounted tons dimension: lot dimension per order (if ‘Use cash administration’ is ‘false’)
Lot dimension in %: % stability per order (if ‘Use cash administration’ is ‘true’)
Max unfold: max allowed unfold to open an order (if 0, no max unfold)
Warning: if the worth of the unfold is just too low, no order can be opened! To keep away from any downside, it is suggested to set the worth ‘0’ for the backtests.
Max slippage: max allowed slippage to open an order
Identical comment as ‘Max unfold’.
-=SL & TP settings=-
SL mode: cease loss will be positioned x pips above/beneath present value (regular SL mode) or x pips above/beneath an Ma (Ma SL mode)
In ‘Ma SL mode’, SL is positioned beneath the Ma for a purchase order and above the Ma for a promote order. For a purchase order, if the Ma is above the value, the order just isn’t opened. For a promote order, if the Ma is beneath the value, the order just isn’t opened.
Ma for SL (Ma SL mode solely): if ‘Ma SL mode’ is chosen, the SL is x pips above/beneath the Ma chosen on this parameter when the order is opened
SL in pips, factors…: cease loss x pips above/beneath present value in ‘regular SL’ mode and above/beneath the chosen Ma in ‘Ma SL’ mode
TP in pips, factors…: take revenue x pips above/beneath the present value on the opening of the order whatever the ‘SL mode’ chosen
-=Extra closing settings=-
Shut on reverse crossing: shut the order if the two MA cross within the different course (just for ‘previous_bar’ mode)
If the crossing was not convincing, one other crossing within the different course could happen throughout subsequent bars. This parameter prevents the order from being closed too early.
Open an order on reverse crossing: opens a brand new order if one other order simply closed with the ‘Shut on reverse crossing’ parameter
Shut order if value closes above/beneath a Ma: shut order if ask Ma (promote order)
Shut order if value closes above/beneath this Ma: MA to make use of for the earlier parameter
-=BE/TS/Grid settings=-
Break even: if ‘true’, break even is activated
Break even revenue in pips, factors…: triggers the break even from a sure revenue in pips, factors…
Trailing cease: if ‘true’, trailing cease is activated
Path revenue in pips, factors…: triggers the trailing cease from a sure revenue in pips, factors…
Path distance in pips, factors…: distance in pips, factors… between trailing cease and value
Path step in pips, factors…: step in pips, factors… for the trailing cease
Open extra orders: an extra order is opened every time the revenue reaches a step
Max extra orders (by image) : ‘Open extra orders’ should be ‘true’
It’s higher to have smaller tons than for most important orders.
It’s higher to have smaller tons than for most important orders.
Revenue step in pips, factors… to open an extra order: every time the revenue reaches this step, a brand new order is opened
SL in pips, factors… of extra orders: SL in pips, factors… of the extra orders
TP in pips, factors… of extra orders: TP in pips, factors… of the extra orders
- Earlier than utilizing the ‘All main foreign exchange pairs’ mode, confirm that the 28 main foreign money pairs are current within the “Market Watch” tab of MT5.
- It is strongly recommended to make use of multi-symbol mode for alerts solely. When a worthwhile methodology is discovered on a logo, it’s higher to use it in ‘only_symbol_on_the_chart’ mode.
- The EA works for every type of symbols however in some instances (relying on the dealer), variations on SL and TP must be accomplished with sure kinds of symbols (aside from foreign exchange and indices). On this case, settings in pips or factors must be multiplied by 10 to match the right worth. Instance: for a cease lack of $10 on the Oil image the ‘SL in pips, factors…’ parameter should take the worth 100 and never 10 (x10). Exams will be carried out in backtest to search out the proper worth.
Main foreign exchange pairs :
EURUSD / GBPUSD / USDCHF / AUDUSD / USDCAD / USDJPY / NZDUSD
EURGBP / EURCHF / EURAUD / EURCAD / EURJPY / EURNZD
GBPCHF / GBPAUD / GBPCAD / GBPJPY / GBPNZD
AUDCHF / CADCHF / CHFJPY / NZDCHF
AUDCAD / AUDJPY / AUDNZD
CADJPY / NZDCAD
NZDJPY
