Adjustable MA 3G is a highly customizable Forex expert advisor that is based on the custom 3rd Generation Moving Average indicator and the classic two MA cross strategy. You can adjust the MA periods, MA methods, MA price type, minimum MA difference, stop-loss, take-profit, trailing stop, slippage and money management parameters. This expert advisor always opens a position on a cross and closes it on the next cross (if it was not closed earlier by the SL or TP).
The backtest of the Adjustable MA 3G MetaTrader expert advisor has shown ~16.2% profit with ~7.3% maximum drawdown during a period of 20 months. The used trading volume was set to 0.1 standard lot. The EA made 426 trades, of which 51.64% were profitable. The default settings were used in this backtest on the EUR/USD M5 chart.
It offers a significant improvement over the standard Adjustable MA expert advisor.
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 a fixed stop-loss of 170 pips and take-profit of 60 pips. The trailing stop is turned off by default.
How often does it trade?
On 5-minute EUR/USD chart (the backtest settings) this EA will trade once every day on average.
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 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 our forum.