Value MA Crossover EA tutorial – Buying and selling Techniques – 21 September 2024

This tutorial applies to the EA ‘Value MA Crossover EA‘ whose product web page is accessible by clicking on the picture beneath:

This product isn’t just an EA that may open orders when the value crosses a transferring common. Certainly, the primary benefits of this EA are:

• It contains further filters (2nd MA, Pivot Factors, different filters will be carried out on demand).
• It has a whole administration of orders (closing on reverse sign, break even, trailing cease, closing earlier than weekend, max misplaced or win / day …).
• It may well work with all market watch symbols without delay.

Under is the backtest of this EA for GBPUSD (default settings) from 01/01/2024:

Detailed options are described on the product web page. Under is the record of EA settings with explanations.

-====Normal 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 must be scanned:
  – ‘Solely image on the chart’ : it’s best to use this selection 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 discipline beneath will likely 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 mandatory): just for brokers who use prefixes. For instance, kind m for mEURUSD

Dealer suffix (if mandatory): just for brokers who use prefixes. For instance, kind m for EURUSDm

If a number of symbols should be entered on this discipline, 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 outdoors of the established time if a minimum of 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 worth 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 (typically for crypto buying and selling)

Sunday (crypto): alerts & buying and selling on Sunday (typically 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

-====Transferring averages settings====-

Timeframe: all MT4 timeframes

Warning! If you wish to use the timeframe of the chart, use the worth “CURRENT”!

If you happen to use one other worth, the present chart timeframe is not going to have an effect on the Ma calculation.

Crossing validated at: precise bar or as quickly because the bar is closed

Advisable worth: ‘as quickly because the bar is closed’. An order will likely 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. Because of this if a cross happens, the earlier cross will likely be situated. The EA will depend the variety of bars between the two crossings (present and former). 2 options:

  – Variety of bars < x: the order will not be open;

  – Variety of bars >= x: the order is open.

Reversed logic: purchase and promote logic of the two MA crossing is reversed

Advisable worth: false

Ma interval: interval of the MA

Ma technique: SMA / EMA / SMMA / LWMA

Ma utilized worth: CLOSE / OPEN / HIGH / LOW / MEDIAN / TYPICAL / WEIGHTED

Ma shift: shift of the MA

-====Filters settings====-

     -=2nd Transferring common settings=-

Use a 2nd MA: checks if worth is above (purchase sign) or beneath (promote sign) this MA

Ma2 timeframe: all MT4 timeframes

Notice: to keep away from pointless backtests in optimization mode, the ‘Identical than Ma1’ has been added to robotically present the identical timeframe for Ma2 than for Ma1.

Ma2 interval: interval of the 2nd  MA

Ma2 technique: SMA / EMA / SMMA / LWMA

Ma2 utilized worth: CLOSE / OPEN / HIGH / LOW / MEDIAN / TYPICAL / WEIGHTED

Ma2 shift: shift of the 2nd  MA

     -=RSI settings=-

Use RSI: checks RSI worth earlier than opening an order

RSI Timeframe: all MT4 timeframes

RSI interval: interval of the RSI filter

RSI utilized worth: CLOSE / OPEN / HIGH / LOW / MEDIAN / TYPICAL / WEIGHTED

RSI shift: shift of the RSI filter

Min RSI worth for a purchase order: purchase order is opened if RSI > this worth

Max RSI worth for a promote order: promote order is opened if RSI < this worth

     -=Pivot factors settings=-

Day by day PP: checks if worth is above (purchase sign) or beneath (promote sign) every day PP

Weekly PP: checks if worth 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 will likely be opened. If you happen to discover that there aren’t sufficient open orders, attempt disabling some filters.

-====Buying and selling settings====-

     -=Normal settings=-

Permit buying and selling: if false, solely alerts are operational. Additionally it is 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, if in case you have 3 EAs with the identical magic quantity, the whole 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 following day (if 0, no max)

The calculation relies on fairness and never steadiness. With the intention to velocity up the backtests, the calculation is completed each hour throughout backtests, as an alternative 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 following 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 measurement in % steadiness

Fastened tons measurement: lot measurement per order (if ‘Use cash administration’ is ‘false’)

Lot measurement in %: % steadiness 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 will likely 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 in pips, factors…: cease loss x pips above/beneath present worth

TP in pips, factors…: take revenue x pips above/beneath the present worth

     -=Extra closing settings=-

Shut on reverse crossing: shut the order if the two MA cross within the different course (just for ‘previous_bar’ mode)

Min variety of bars to shut an order on reverse sign: for ‘Shut on reverse crossing’ mode, an order is closed provided that there’s a minimal of bars between the order opening and the reverse sign

If the crossing was not convincing, one other crossing within the different course might 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

     -=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 worth

Path step in pips, factors…: step in pips, factors… for the trailing cease

Open further orders: a further order is opened every time the revenue reaches a step

Max further orders (by image) : ‘Open further orders’ should be ‘true’

Fastened tons measurement (further orders): if ‘Use cash administration’ is ‘false’

It’s higher to have smaller tons than for foremost orders.

Lot measurement in % (further orders): if ‘Use cash administration’ is ‘true’

It’s higher to have smaller tons than for foremost orders.

Revenue step in pips, factors… to open a further order: every time the revenue reaches this step, a brand new order is opened

SL in pips, factors… of further orders: SL in pips, factors… of the extra orders

TP in pips, factors… of further 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 MT4.
• It is strongly recommended to make use of multi-symbol mode for alerts solely. When a worthwhile technique 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 circumstances (relying on the dealer), variations on SL and TP must be accomplished with sure forms of symbols (aside from foreign exchange and indices). On this case, settings in pips or factors must be multiplied by 10 to match the proper 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). Assessments will be carried out in backtest to search out the appropriate 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