The free EMA crossover MT4 expert advisor uses a simple crossover system between two exponential moving averages (EMA’s) to open and close fully automated buy and sell trades.
The EA works on any pair and time frame.
The EA’s trade logic is very simple:
- The EMA Cross expert advisor opens a buy trade when the fast EMA crosses the slow EMA upward.
- The EMA Cross expert advisor opens a sell trade when the fast EMA crosses the slow EMA downward.
Default EA settings:
Fast EMA period: 5, slow EMA period: 60, take profit: 20, stop loss: 30, trailing stop: 50, lots: 2
All default EA settings can be modified directly by editing the source code or changing the robot’s input values.
It’s highly recommended to test the EMA Cross expert advisor for MT4 first on a demo account before going live with it.
Download This MT4 Forex Robot Free
Download the “EMA_CROSS_2.mq4” Metatrader 4 Robot
Strategy Tester Performance Report
Find below the MT4 strategy tester performance report the Divergence Forex expert advisor.
Strategy Tester Performance Highlights
The EMA Cross trading robot made a total profit of $32613.60 from 300 trades during the test period.
The largest winning trade generated $1169.60 in profits, while the biggest losing trade lost -$646.80.
See the test results report above for all details.
Download This Expert Advisor Now
Download the “EMA_CROSS_2.mq4” MT4 Expert Advisor
Lots, take profit, fast EMA period, slow EMA period, trailing stop, stop loss
More Info About This Expert Advisor
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend
Copy and paste the expert advisor in the MT4 experts data folder.
Then restart the MT4 terminal and attach it to any chart.