Adjustable MA 3G Forex expert advisor is a highly customizable moving average EA that is based on the custom 3rd Generation Moving Average indicator and the classic cross-of-two-MAs strategy. You can adjust the MA periods, MA method, MA price type, minimum MA difference, stop-loss, take-profit, trailing stop, slippage and money management parameters. This expert advisor always opens position on cross and closes it on the next cross (if it wasn't closed earlier by SL or TP).
The back-test of the Adjustable MA 3G MetaTrader expert advisor on the 1-year period showed ~26.2% profit with ~4.3% maximum drawdown. The used position's volume was set to 0.1 standard lots. The EA made 140 trades, of which 67.86% were profitable. The default settings were used in this back-test on EUR/USD M5 chart.
It offers a significant improvement over the standard Adjustable MA expert advisor with only few modifications of the default input parameters.
Warning! This expert advisor requires a free 3rd Generation Moving Average indicator installed in your MetaTrader platform to work.
What are the stop-loss and take-profit used by this EA?
By default it uses fixed stop-loss at 100 pips and take-profit at 70 pips. The trailing stop is turned off by default.
How often does it trade?
On 5-minute EUR/USD chart (the back-test settings) this EA will trade once every two days on average.
Any settings other than default can be used?
There wasn't any thorough optimization process for this EA. There are plenty of possibilities to improve its performance by varying the input parameters and/or currency pair and timeframe combination.
This EA is ECN-compatible. You must set ECN_Mode input parameter to true in order to enable ECN-compatibility for this expert advisor. Otherwise, you will most likely be seeing OrderSend Error 130 messages when EA will be trying to open positions. This is because, if you are trading with an ECN broker (with market execution for orders), you cannot set SL/TP on position opening. You have to open a position first without SL/TP and only then modify it, adding stop-loss and/or take-profit level.
Warning! Before you ask any basic questions regarding installation of the expert advisors, please, read this MT4 Expert Advisors Tutorial to get the elementary knowledge on handling them.
Do you have your own trading results or any other remarks regarding this expert advisor? Discuss Adjustable MA 3G with other traders and MQL programmers on the experts forums.