MAVA-XonaX Expert Advisor Descripction

MAVA XonaX Expert Advisor is an innovative script based upon Exponential Moving Average crossover of two price-series, namely the OPEN and CLOSE prices.

Basic Concept of MAVA XonaX Expert Advisor

The idea behind the MAVA Xonax Expert Advisor is that in bullish markets, the closing prices are above the opening prices.  Similarly in bearish markets the closing prices are below the opening markets. Whenever this pattern changes, the market will change direction from bullish to bearish or vice-versa. This idea is incorporated in this Expert Advisor. It uses two data series, namely the Exponential Moving Average (EMA) of the OPEN  and CLOSE prices.

This Expert Advisor provides the flexibility of trading on a different time-frame than that of the current chart by using the appropriate value of the TIME_FRAME parameter.

BUY RULE for MAVA XonaX Expert Advisor

A BUY trade can be opened at the close of the candle when the EMA of the CLOSE price series crosses above the EMA of the OPEN price series. This crossover is an important signal that implies the market has turned bullish from bearish or neutral mode.

SELL RULE  for MAVA XonaX Expert Advisor

A SELL trade is opened at the close of the candle when the EMA of the CLOSE price series crosses below the EMA of the OPEN price series. This crossover is an important signal that implies the market has turned bullish from bearish or neutral mode.

EXIT RULE for MAVA XonaX Expert Advisor

The Expert Advisor uses a stop-loss of 40 pips, and a take-profit target of 60 pips. BUY and SELL trades can co-exist at the same time, and are managed independently by the Expert Advisor.

Configurable Inputs for MAVA XonaX Expert Advisor

  1. LOTS – The lot-size of the trade opened by the Expert Advisor.
  2. PERIOD – The period used to calculate the Exponential Moving Average (EMA) over the specified TIME_FRAME.
  3. TIME_FRAME – The time-frame (in minutes) over which the Exponential Moving Average (EMA) is calculated. For example, if this value is 240, it implies that the EMA will get calculated on the 4-hour candles.