Masayan EA Generator for MT4 Ver1.01-AI-powered EA for Forex trading

Example

Using the three moving averages (short, middle, and long), the EA detects 'Perfect Order' conditions, where the short-term MA is above the middle-term MA, and the middle-term is above the long-term MA, signaling a buy (long) position.

Scenario

In a real-world scenario, an MT4 user configures the EA with a set of moving averages (e.g., 20-period for short, 75-period for middle, and 100-period for long). When these conditions align, the EA automatically generates a trade signal without manual intervention. The EA will open a long position if the moving averages are in a bullish alignment and close the position if the alignment reverses.

Example

The EA automatically manages open positions based on the 'Perfect Order' alignment. It will close the position when the opposite signal occurs, for example, closing a long position when the short-term moving average drops below the middle-term moving average.

Scenario

A user has a long position opened based on the moving average crossover strategy. If the short-term MA crosses below the middle-term MA, indicating a potential downturn, the EA will automatically close the long position to lock in profits or minimize losses.

Example

The EA ensures trades are only placed if the spread is within a defined range (e.g., no trades if the spread exceeds 5 pips). Additionally, it includes a maximum error condition to limit the number of failed trade attempts (e.g., 100 consecutive errors).

Scenario

Before opening a trade, the EA checks the current spread. If the spread exceeds the user's set threshold (e.g., 5 pips), the EA will not enter a trade. This helps avoid trading in volatile market conditions where the spread may be too large, reducing the risk of unexpected slippage.