Experts: XIT Three Moving Average Cross
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XIT Three Moving Average Cross:
This is a simple but pretty effective EA I have been working on. It is a basic three moving average cross for opening orders, and it uses MACD as verification before opening.
Orders are closed when the fast moving average crosses back over the intermediate average. New orders are not set up in the same direction unless the MACD dips back the opposite direction.
All indicators have inputs for all settings for maximal customization. The only money management is lot size. All take profit and stop loss are controlled by moving averages.
Works pretty well with 1 hour timeframes and most pairs. Trending pairs show the most profitable results on tests.
Author: Jeffrey West