Double Exponential Moving Average expert advisor for MetaTrade 5. The Double Exponential Moving Average (DEMA) is an original MT5 indicator that can be found on every MT5 terminal. This EA uses a basic strategy when the candle closes above or below the DEMA line. Also, EA has plenty of other useful features that can help you trade better. Using this forex robot(EA MT5), this strategy is 100% automated, and you don't need to place any trades manually. Custom updates are possible if you want to change anything.
Buy signal: When the candle closes above the selected DEMA line, a buy trade is opened.
Sell signal: When the candle closes below the selected DEMA line, a sell trade is opened.
Input menu of the "Double Exponential Moving Average EA MT5."
Lot management options: choose one of the three lot managements and set it to true; the other two must be set to false.
Fixed lot: a simple fixed lot that is applied for each trade.
Martingale: start lot and a multiplier, EA will use a lot multiplier if the previous trade was in loss.
Risk management: select your desired risk percentage per trade, and the EA will automatically calculate the risk size. Stop loss must be used.
Trade comment: use it if you want to add a comment for each trade separately, for example, "Double Exponential Moving Average EA MT5".
Open buy trades: simply select whether you want to open buy trades or not.
Open sell trades: simply select whether you want to open sell trades or not.
Stop loss pips: set a stop loss in pips that will be used for each trade separately.
Take profit pips: set a take profit in pips that will be used for each trade separately.
Max open trades: for example, 10; this will result in a maximum of 10 trades being open at any given time.
Close trade opposite signal: use it if you want to close a trade with an opposite signal.
Pips on profit to enable: when the desired pips are reached, the break even is applied.
Offset pips from open price: the distance from the trade's open price; for example, by adding an extra 2 pips, you can avoid the size of the spread.
Trailing start pips: once the trade reaches this amount of profit, the trailing stop is activated.
Trailing stop pips: the trailing stop distance from the stop loss to the current price.
One trailing step: It's basically how often you want to refresh the trailing stop.
Trading time settings: simply select the time and weekdays on which you wish to trade.
Spread filter: Set the maximum allowable spread size in pips, and the EA will check it before starting the trade. If the spread size is too large, the EA won't place any new trades.
Email and smartphone app notifications: set it to true if you want to get a notification about each new trade.
Magic number: use the magic number rule if this EA is used in more than one chart. Read more.
Download the DEMO version of the "Double Exponential Moving Average EA MT5" and try it in the strategy tester, before purchasing this forex trading robot MT5.