Hey there, fellow traders! Today, I want to introduce you to the X Trader v2, a powerful Expert Advisor for MetaTrader 4 that can help streamline your trading strategy.
This EA operates on a straightforward principle: it executes trades when two moving averages cross each other, specifically after the closing bar of the crossover. It's a simple yet effective method that many traders swear by!
Setting Up the Moving Averages
When configuring the moving averages, you have a few options:
- MA Method: Choose from the following:
- 0 - Simple
- 1 - Exponential
- 2 - Smoothed
- 3 - Linear Weighted
- Applied Price: You can set this to:
- 0 - Close Price
- 1 - Open Price
- 2 - High Price
- 3 - Low Price
- 4 - Median Price
- 5 - Typical Price
- 6 - Weighted Close Price
Important Notes
NOTE:
- This EA is optimized for 5-digit brokers, which is the standard for most major brokers today.
- It’s up to you to find the ideal settings for your strategy using the built-in MT4 strategy tester. The default settings haven't been tested or optimized, so feel free to experiment!
Overall, this version of X Trader boasts enhanced functionality compared to its predecessors. So, if you're looking to refine your trading game, give it a shot!
Comments 0