Expert Advisors: MQL5 Wizard - Trade Signals Based on Three Moving Averages

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MQL5 Wizard - Trade Signals Based on Three Moving Averages:

MQL5 Wizard allows to create the code of Expert Advisors automatically. See Creating Ready-Made Expert Advisors in MQL5 Wizard for the details.

Here we will consider the trend strategy, based on three moving averages. The strategy called "Signals based on three EMA". To determine the trend, it uses three exponentially smoothed moving averages: FastEMA, MediumEMA and SlowEMA.

Trade signals:

  • Buy signal: FastEMA>MediumEMA>SlowEMA (upward trend).
  • Sell signal: FastEMA<MediumEMA<SlowEMA (downward trend).

    • Figure 1. Trade signals, based on three moving averages

    Historical backtesting results of the Expert Advisor, based on three EMA

Author: MetaQuotes Software Corp.


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