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Optimize single Moving average trading indicator for MetaTrader 4

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Old 20-03-2018, 21:36
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Default Optimize single Moving average trading indicator for MetaTrader 4

singlemaprofit_1_1_small.jpg

This code is following the idea of MA Profit, except that it is using a single Moving Average instead of the cross moving average system.

Using only a single moving average speeds up optimization, it can check all moving averages between 10 and 1000 in nearly no time.

Trading with single moving average gives three signals. Usually it works with large moving averages like 150 or even 500 or more.


    The curve is below the candles buy
    The curve is above the candles sell
    the curve is horizontal and many times crossing the candles close positions and wait

By switching the period everything is re-calculated, you can check if different time frames (minute, hour, day and so on) show the same signal. Usually a signal is stronger if displayed by by multiple time frames. Also you can switch to lower time frame in order to find an entry point into a long or short trade.

The indicator draws 4 kinds of triangles


    Red with thick border: short trade with win
    Red with thin border: short trade lost
    Green with thick border: Long trade in win
    Green with thin border: Long trade lost

If a new signal is available the indicator can display an alert or use voice output. In this case you need the speak.dll, for example from http://codebase.mql4.com/5036.

The indicator dispays the status and the number for good and wrong signals in its status line.

The optimization can be in two modes:


    Simulated trading. The best moving average is the one which gave the best profit
    Counting intersections between candles. The less time the curve and the candles hit each other the better the moving average is.

How to install Optimize single Moving average trading indicator for MetaTrader 4.mq4?


    Download Optimize single Moving average trading indicator for MetaTrader 4.mq4
    Copy Optimize single Moving average trading indicator for MetaTrader 4.mq4 to your Metatrader Directory / experts / indicators /
    Start or restart your Metatrader 4 Client
    Select Chart and Timeframe where you want to test your MT4 indicators
    Search "Custom Indicators" in your Navigator mostly left in your Metatrader 4 Client
    Right click on Optimize single Moving average trading indicator for MetaTrader 4.mq4
    Attach to a chart
    Modify settings or press ok
    Indicator Optimize single Moving average trading indicator for MetaTrader 4.mq4 is available on your Chart

How to remove Optimize single Moving average trading indicator for MetaTrader 4.mq4 from your Metatrader Chart?


    Select the Chart where is the Indicator running in your Metatrader 4 Client
    Right click into the Chart
    "Indicators list"
    Select the Indicator and delete

Click here below to download:

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