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Forex Edge EA is an MT4 expert advisor that opens trades from the relationship between a fast and a slow moving average. It offers automatic and manual-panel modes, basket profit and loss limits, and trading-time filters.
Get one message the moment it launches, with its price.
Forex Edge EA is an MT4 expert advisor that bases its entries on two moving averages of different lengths. It can trade fully automatically, or you can open trades by hand from an on-chart panel while the EA looks after the exits.
The EA calculates a fast and a slow moving average and compares them. What happens next depends on the trade mode you select.
Each order can carry a stop loss and a take profit. Setting either value to 0 turns it off. The EA also includes an order recovery routine that uses a list of pending order volumes, a distance for those pending orders, and a cap on lot increases. Orders can be grouped, and the whole basket is closed once it reaches the profit or loss limit you set.
The EA is not locked to a single symbol or period. The developer suggests AUDUSD, EURUSD and GBPUSD, and says M30 and H1 usually work best, with H1 as the default setting. Run any other combination on a demo account before using it live.
The inputs fall into trade management, timing and indicator groups. Exact default values can differ, so check them in the input window after attaching the EA.
| Group | What you can control |
|---|---|
| Direction and mode | Long and short, long only or short only; automatic or manual panel |
| Orders | Pending order distance, stop loss, take profit, first order volume, volume list, lot increase limit |
| Basket | Minimum basket profit and maximum basket loss |
| Timing | Server start and stop time, and an on/off switch for each weekday |
| Identification | Magic number and maximum slippage |
| Moving averages | Period, shift, method and applied price for the fast and slow averages |
The averaging method can be simple, exponential, smoothed or linear weighted. The applied price can be close, open, high, low, median, typical or weighted. If you optimise, use moderate averaged values and avoid re-optimising too often.
Recovery routines and grouped orders can build up exposure when the market moves against the first position. Lot size, the volume list and the lot increase limit matter a great deal. Suggested conditions are leverage of 1:100 or higher and a balance of roughly 1000 USD, but you should confirm margin requirements with your own broker.
Trading carries risk, and past results do not predict future ones. Test on a demo account first and only trade with money you can afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor, .ex4) |
| Strategy focus | Signals, Volume |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Signal logic | Fast versus slow moving average, cross or simple mode |
| Markets | Forex pairs; AUDUSD, EURUSD and GBPUSD suggested |
| Timeframes | Any; H1 is the default and M30 or H1 are suggested |
| Trade style | Automatic or manual panel, with order recovery and basket management |
| Suggested conditions | Leverage 1:100 or higher; balance around 1000 USD or more |
| Account type | Hedging-capable MT4 account; check your broker's rules |
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No. This product is built for MetaTrader 4 and will not load in MetaTrader 5. If you use MT5, look for a separate MT5 product.
In MT4 choose File, then Open Data Folder, and copy the EA file into MQL4/Experts. Restart the terminal or refresh the Navigator, drag the EA onto a chart, and allow automated trading in the terminal toolbar and in the EA's properties.
The EA can run on any symbol and timeframe. The developer suggests AUDUSD, EURUSD and GBPUSD and notes that M30 and H1 tend to suit it best, with H1 as the default. Test any other choice on a demo account first.
In cross mode a trade is opened when the fast average crosses the slow one. In simple mode the trade follows whichever average is currently above the other. In manual mode you open trades with the panel buttons and the EA handles the exits according to its inputs.
The developer suggests leverage of 1:100 or higher and a balance of about 1000 USD, with lot size scaled to the balance. These are guidelines only. Check your broker's margin rules and test the lot settings before trading live.
No. Trading carries risk, and past results do not predict future ones. The recovery logic can increase position size, so the exposure it builds should be understood before using real funds.
Forex Edge EA
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