New EA MADash EA

The EA is based on the topic MADdash (Moving Average Distance) on the forexfactory forum.

File name: MADash EA v1.0.ex4
Expiration Date: December 31, 2022

Strategy description: open a trade when the currency has the greatest strength based on the price gap with the moving averages of the M1 and M5 timeframes.
For example, a buy signal for EURUSD occurs when EUR's M1 and M5 columns are green, and USD's M1 and M5 columns are red. Then the EA will open a BUY order.

Version 1.0:
+ Use on MT4 Terminal.
+ The EA analyzes the currency's strength based on the MAs of the M1 and M5 timeframes.
+ Can be used with currency pairs: AUDCAD, AUDJPY, AUDUSD, EURAUD, EURJPY, EURUSD, GBPJPY, GBPUSD, USDJPY. More currency pairs will be available in the next upgraded version.
+ You can use the EA with any timeframe.
+ This version has no stop loss, positions will be floated, however EA will try to close floating positions when the loss equals the profit of other trades. After evaluating the period of holding the position with the best results, I will program the EA to close the positions during that time.

This EA analyzes multiple timeframes and multi-currency pairs, so backtest results are incorrect or no backtest results (because MT4 backtest doesn't simulate multi-currency charts at the same time). So you should start with a demo account or with a lot size 0.01 lot.

If you have trading results with this EA, please share here.

 

Is it possible to get an unlimited version?

 

The EA is under development at the moment, there will be new upgraded versions in the future. I have no plans for an unlimited version. Of course, the current version has a shelf life of about 9 months. I will renew this EA every year.

 

Hi does anybody has a MyFxBook with this EA?
Im running demos at the moment but dont get a lot of result. So want to see if somebody get the good result

 

New version v1.1:
+ More currency pairs: NZDJPY, NZDUSD

 

how to get ea for life time

 

Seems good and profitable ea, working small target but very reasonable.
Unfortunately there are expired date.

 

Hey man, how about make this ea for mt5, so we can backtest it.

 

This is my review for this thread:
Klasse

 

It looks good,but need more test on demo account.
Is it running in only one chart for all pairs??

 

Thanks for share

 

This is my review for this thread:
do u know any other EA based on MADash ?

 

demo test is no good. better use real cent

 

baaah im tried it on demo. seem good execution with low profit. its better to have multi-pairs option. waiting for your update for this EA
thanks !

 

Anyone willing to update the results on Live Account>?

Thanks

 

So thanks for the new version.
I really like it.
I use it from 2022.11.1 to now in my demo account by 0.01 lot,it takes 51USD ,but sometime the flowting is more than 10%DD.
Can it use when 2023.1.1 in my real account,sir?

 

On demo work without expiration ?

 

Hi the ea look good on back test , is Gold , Crypto BTC , Indices CFDs , US30 , US2000 , US500 etc, DAX ,HK50 etc can be impliment to the EA ?
Thanks for sharing these EA , looking forward to see the new up grade version , cheers

 

Hello,What about the date of Expiration ?
How to use it in New year or unlimit?
I use it in Demo running so far so good.
Anyone say something about it?
Thanks

 

EA MADdash has been upgraded to version 2.1 with many improvements:

File name: MADdash EA v2.1.ex4
Expiration Date: December 31, 2023

+ Use on MT4 Terminal.
+ The EA trading the currency's strength based on the MAs of the M1, M5, M15 and M30 timeframes.
+ Can be used with currency pairs: AUDCAD, AUDJPY, AUDUSD, EURAUD, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDJPY. The EA does not support extended characters in currency pair names.
+ You can use the EA with any timeframe.
+ There is an option to set up Reverse Trade.
+ There is an option to set Stop Loss and Take Profit, the default value is 0. If you do not use Stop Loss then you just need to set Stop Loss = 0.
+ This version only allows Lot Size to trade from 0.01 lot to 0.03 lot.

* Note:
+ This EA has multiple timeframes and multi-currency pairs, so backtest results are incorrect or no backtest results (because MT4 backtest doesn't simulate multi-currency charts at the same time). So you should start with a demo account or with a lot size 0.01 lot.
+ Please be patient within 48 hours after installing the EA, the EA is only in the trade when the signal appears.
+ Because of the complexity of multi-currency and multi-timeframe programming, the EA currently only supports major currency pairs (mentioned in the above lines). The EA also does not support currency pairs with extended characters, does not support currency pair names like: EURUSDm or EURUSD.c...