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You liked the script? Try it in the MetaTrader 5 terminal

Views:

19776

Rating:

(26)

Published:

2015.04.22 15:35

Updated:

2016.11.22 07:32

smoothingaverage.mq4 (2.46 KB) view

Download as ZIP, How to download code from MetaEditor

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This EA is based on 1 moving average indicator, the exit and entry points are determined by a "smoothing factor"; a fixed amount of pips above or below the MA.

It opens no more than 1 position at a time and has no stoploss, takeprofit or trailingstop, these may be subject to change in future versions.

This has been uploaded for experimental purposes, it is a very unpolished EA and I don't recommend running this on a live account.

Testing Results:

The following chart is a test conducted over a 5 year period, using the same parameters it has also worked decently over a 10 year period (2005 to 2015).

Standard settings are for the 1 hour chart on EURUSD, but can easily be optimized for any currency pair and timeframe.

Long term goal is to make this EA profitable over a prolonged period of time, i.e 5 years or more with as little complexity as possible.

Feedback is appreciated, enjoy.

SmoothingAverage Expert Advisor MetaTrader 4

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