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REGISTER PARTICIPANTS Expert Moving Average Envelope Tfmt4 Mt4

Discussion in 'Forex Market MQL5' started by James Goldman, Sep 9, 2020.

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  1. James Goldman

    James Goldman Moderator
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    #movingaverageenvelopetfmt4

    moving-average-envelope-tfmt4-logo-200x200-8451.png

    The Moving Average Envelope system has an entry based on the
    price breaking out of an upper or lower envelope created by a percentage of a
    simple moving average. As the price
    breaks out of the envelope, this EA opens a new position to catch a trend if
    the price continues to move. The SMA in
    the middle of the envelopes is used as a trailing exit when the price reaches
    it. Note that the envelopes must be set for each
    timeframe and symbol as they are not dynamic to set the correct envelope range
    around the price. Use our free You are not allowed to view links. Register or Login">Moving
    Average Envelope indicator< on your chart to find the appropriate percentage for
    your chart.

    Note: The default input values are not
    optimized. Demo the EA and adjust the
    inputs to find the optimized combination for your risk tolerance and to
    maximize profitability. Trend Following
    systems are designed around long term probabilities. Although Trend Following systems have lower
    win rates, profitability comes from large trends as Trend Following cuts losses
    short and lets winners run. Test on a
    portfolio of symbols as profits from trending symbols will offset the small
    losses and provide profits when other symbols are not trending.

    Entries and Pyramiding:

    Entries occur when the price exceeds the upper or lower
    envelopes. The EA adds the position as
    soon as the price goes above the upper envelope or below the lower envelope and
    does not wait until the following bar. If
    you set the Max_Units input above 1, additional entries will occur and pyramid
    in ATR increments specified by the ATR_between_Pyramids input.

    Exits:

    Exits are trailing with the simple moving average in the
    middle of the Moving Average Envelopes. For long positions, the EA exits when
    the price reaches or goes below the moving average. For short positions, the EA
    exits when the price reaches or goes above the moving average.

    Position Sizing and
    Stops:


    This EA calculates the position sizing using the Percent
    Volatility method which is directly tied to the stop. The stop uses the ATR_Periods and Stop_Range_ATR
    inputs to calculate the ATR and then multiply the two values to set the stop
    distance from the entry price. Stops are
    not coded into the position but this EA closes out the position if the price
    reaches the stop value. As additional
    units are added through pyramiding, the stop moves to correspond to the latest
    entry price. Using the stop value, the
    Risk_Percent input, and your account information (tick size, lot size, digits,
    etc.), the position sizing uses the monetary value of the distance from entry
    to stop and keeps the number of lots limited to the percentage you
    specify.

    Inputs:

    • MA_Periods: The number of bars
      used to create the simple moving average in the middle of the envelopes.
    • Envelope_Percent: The percentage
      of the moving average to add to the moving average to create the upper and
      lower moving average envelopes/bands.
    • Risk_Percent: The percent risked
      per position if the price reaches the stop. Example: If you want 2% of your
      equity to be risked per position, enter 2 to this input.
    • ATR_Periods: The number of bars
      to use in the ATR calculation.
    • Stop_Range_ATR: This value will
      be multiplied by the ATR to determine where the stop will be from the entry
      price. Example: If you want your stop to
      be set at 2* ATR from the price, enter 2 to this input.
    • Max_Units: The maximum number of
      entries (including the initial entry) as the position gains profits and the EA
      adds pyramid positions.
    • ATR_between_Pyramids: This value
      will be multiplied by the ATR to use for calculating when to add the next
      position through pyramiding. Example: Set this to 1.5 and the next pyramid
      position would be added when the price reaches your entry plus ( 1.5 * ATR )
      for long positions or entry minus ( 1.5 * ATR ) for short positions.
    • Slippage: Amount of allowable
      slippage when entering position.
    • Reduction_Percent: Enter an
      amount by which to reduce your equity for the position sizing calculation.
      Example: If you are in a drawdown period you can enter 20 to this input and the
      position size will be 20% less than without the reduction. The position sizing calculation
      would treat your equity as 80% of what it really is to lower your risk until
      the drawdown is over.

    moving-average-envelope-tfmt4-screen-2522.png moving-average-envelope-tfmt4-screen-9344.png

     

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