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REGISTER PARTICIPANTS Expert Quadruple Moving Average 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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    #quadruplemovingaveragetfmt4

    quadruple-moving-average-tfmt4-logo-200x200-1741.png

    Using four moving averages, this Expert Advisor opens
    positions when all 4 MAs are moving the same direction. As the fastest moving
    average crosses back, the EA exits the positions. You can choose moving
    averages with less bars to catch shorter term trends or lengthen the number of
    bars in the moving averages to catch longer term trends. By having 4 moving
    averages, you can work on finding the longer term trend and filtering out the
    market noise.

    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 fastest moving average is outside the
    2nd fastest moving average, the 2nd fastest moving average is outside the 2nd
    slowest moving average, and the 2nd slowest moving average is outside of the
    slowest moving average. See the screenshot for an example. If you set the Max
    Unit variable above 1, additional entries will occur and pyramid in ATR
    increments specified by the ATR between Pyramids variable.

    Exits:
    Exits occur when the fastest moving average crosses back
    across the next closest moving average. The exit uses the closed moving
    averages of the previous bar.

    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. This allows every symbol,
    price, volatility to be treated equally.
    As your account size changes through profits or drawdowns, the position
    sizing will account for the change.

    Inputs:
    • Shortest_MA: The number of bars
      used to create the fastest moving (least bars) simple moving average.
    • Short_Mid_MA: The number of bars
      used to create the faster middle moving simple moving average.
    • Long_Mid_MA: The number of bars
      used to create the slower middle moving simple moving average.
    • Longest_MA: The number of bars
      used to create the slowest moving (most bars) simple moving average.
    • 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.

    quadruple-moving-average-tfmt4-screen-6772.png quadruple-moving-average-tfmt4-screen-9103.png

     

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