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Triple Moving Average EA MT4

0.00

This Expert advisor (EA) places trades when 3 moving averages (MA) are in consecutive alignment and at a certain distance from each other. Using the default settings it adopts a not very well known strategy used by some institutional traders. It involves the MAs 10, 20 and 30 or 60. The strategy works best on the H4 and D1 time frames. The Triple MA strategy (no matter which MAs are used) should be considered as a long term strategy. There could be a bad month or even a bad half year. This EA is not for traders looking for frequent trades and constant profits over a short term.

The EA can also be used in a more universal way by using other MAs than the ones which are intended for the strategy. It is also possible to trade regular crossovers of 2 MA:s and Hull moving average color changes.

The behavior of the EA can be explained in the following steps (please also see separate screenshot for visualization):

  • Spread, slippage and time filters.
  • Moving average trend filter.
  • Possibility to select between adding a fixed lot or let the system set the lot size according to risk percentage.
  • Possibility to trade in a reverse way (buy when sell, sell when buy) by setting a very wide distance between the MAs which could indicate a reversal.

[spoiler title=”Read More…”]

Please make sure that you first test the EA on a demo account and let at least 10 trades be done. Before going live please also test your setup in the strategy tester.

Please be aware that I do not provide with any trading or money management advices, optimal settings, signals or .set (preset) files. I will only be able to answer questions regarding the meaning of the input parameters, in case something should be unclear in the product’s blog

Please make sure that you first test the EA on a demo account and let at least 10 trades be done. Before going live please also test your setup in the strategy tester.

Please be aware that I do not provide with any trading or money management advices, optimal settings, signals or .set (preset) files. I will only be able to answer questions regarding the meaning of the input parameters, in case something should be unclear in the product’s blog

The description and explanation of the input parameters can be found here.

Please check out my other Moving Average products:

Trend dashboard

Moving Average Crossover scanner

The description and explanation of the input parameters can be found here.

Please check out my other Moving Average products:

Trend dashboard

Moving Average Crossover scanner

[/spoiler]

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