This project contains a simple, but effective, Moving Average Crossover Trading Bot for MetaTrader 4. This trading bot is implemented in MQL4 and designed to automate trading based on moving average crossover strategies.
The trading bot is set to execute buy or sell orders whenever there is a crossover between two moving averages, which are set to different periods. This strategy is a popular method used in forex and stock trading for generating buy and sell signals.
Here's how it works:
- It generates a Buy Signal when the short-term moving average crosses above the long-term moving average.
- It generates a Sell Signal when the short-term moving average crosses below the long-term moving average.
The bot also automatically sets a predefined stop loss and take profit for every trade it enters.
- Download the
.mq4file from this repository. - Place the file into your MetaTrader 4 platform's Experts directory. This can usually be found at
C:\Program Files (x86)\MetaTrader 4\experts\. - Restart MetaTrader 4.
- The bot will now be available in the Navigator panel under Expert Advisors.
The bot comes with a set of configuration options that can be adjusted according to your preferences:
fastMA: The period for the fast (short-term) moving average.slowMA: The period for the slow (long-term) moving average.stopLoss: Stop loss level in points.takeProfit: Take profit level in points.risk: The risk level for the lot size calculation (based on account balance).
Trading involves a high level of risk and may not be suitable for all investors. Please use this bot at your own risk and discretion. It is recommended to test it thoroughly in a demo environment before using it in a live trading scenario.
Contributions are welcome! Please feel free to submit a pull request or open an issue.
This project is open source under the MIT license.