Idea by: Scriptor
MQL5 code by: Vladimir Karputov
If you’re looking to up your trading game, the UniversalMACrossEA for MetaTrader 5 is a solid choice. This Expert Advisor (EA) operates using two Moving Average indicators and gives you the flexibility to manage your position size in two ways:
- Manual Trading: Set the Lots parameter to more than zero and keep the Risk parameter at zero.
- Risk-Based Trading: Set the Risk parameter to more than zero while keeping Lots at zero. This method calculates your position size based on a percentage of your free margin.
You can also customize your trading strategy by enabling or disabling Stop Loss, Take Profit, and Trailing features. Want to trade during specific hours? Just set the Use Hour Trade parameter to 'true' and define your Start Hour and End Hour.
Here’s a quick look at the test results for H1 in the "Every Tick" mode from January 1, 2018, to May 1, 2018:
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