Maximize Your Trading with the Simple 2MA I EA for MetaTrader 4

If you're looking for a straightforward yet effective trading tool, the Simple 2MA I Expert Advisor (EA) for MetaTrader 4 is worth checking out. This EA uses two mini trend lines with fractals to help you ride the market trends while incorporating a trailing stop loss and take profit feature. It works seamlessly across all timeframes and major forex pairs, as well as stocks like NASDAQ.

Here's the basic concept behind this price action EA:

• Buy Signal: Both trend lines are turning upwards.
• Sell Signal: Both trend lines are turning downwards.

Now, let’s dive into some key features:

• This EA combines two moving averages with trend lines.
• Trend lines are not functional in test mode.
• Optimization tests can only be performed using moving averages.
• In live trading, both trend lines and moving averages work together.
• During tests, the EA will only draw the trend lines in visual mode without executing trades based on them.
• Backtesting should be done using the "open prices only" option.
• Trend lines will act as a filter, increasing the probability of successful trades.
• Always start with a demo account!
• This EA only trades based on the opening price of a candle.
• If you prefer to maintain your lot size after a loss, set "IncreaseFactor=0".

Input Settings:

• Use_TP_In_Money: Enable take profit in monetary terms (true/false).
• TP_In_Money: Set take profit in money (values: 10-100).
• Use_TP_In_Percent: Enable take profit in percentage (true/false).
• TP_In_Percent: Set take profit in percentage (values: 10-100).
• Enable_Trailing: Activate trailing stop with money (true/false).
• Take Profit In Money: Amount in current currency (values: 25-100).
• Stop Loss In Money: Amount in current currency (values: 1-20).
• Exit: Close trades if the trend goes against you (true/false).
• Lots: Lot size (values: 0.01-1).
• Lots Size Exponent: (values: 1.01-2).
• CandlesToRetrace: Number of candles for divergence (values: 1-20).
• IncreaseFactor: Adjust lot sizes after a loss (values: 0.001-0.1).
• Stop_Loss: Set stop loss (values: 30-500).
• MagicNumber: Unique identifier for the EA (values: 1-100000).
• FastMA: Fast moving average period (values: 1-20).
• SlowMA: Slow moving average period (values: 50-200).
• Mom_Sell: Momentum sell trigger (values: 0.1-0.9).
• Mom_Buy: Momentum buy trigger (values: 0.1-0.9).
• UseEquityStop: Enable equity stop (true).
• TotalEquityRisk: Set total equity risk (values: 0.01-30).
• Max_Trades: Maximum number of trades (1-12).
• USETRAILINGSTOP: Activate trailing stop (true/false).
• WHENTOTRAIL: When to start trailing (values: 40-100).
• TRAILAMOUNT: Amount to trail (values: 40-100).
• Distance From Candle: Set distance from the candle (values: 1-100).
• USECANDELTRAIL: Use candle trailing stop (true/false).
• X: Number of candles (values: 1-100).
• Enable "Break Even": Activate break-even feature (true/false).
• When move "Break Even": (values: 5-30).
• How much pips move - "Break Even": (values: 5-30).

Remember to optimize this EA every few months using the same input settings mentioned above. This EA can be employed as a hedging grid EA or for single trades.

For guidance on how to perform backtesting, check out this link.