Moving Average Cross with Exit Expert Advisor
This is an interesting MA Cross Expert Advisor that includes Exit rules. The EA will exit a trade either by SL/TP hit or by exit rules given by opposite MA crossings, whatever comes first. Results are interesting because that MA3 (which can be half way between MA1 and MA2) helps to protect the trade anticipating a change of trend.
Expert Advisor Entry Rules:
- Go Long when MA1 crosses above the MA2
- Go Short when MA1 crosses below the MA2
Expert Advisor Exit Rules:
- The traditional SL, TP and TSL
- Close Long and Short trades when the MA1 crosses either the MA3 or MA2 in opposite direction of the entry trigger
Where:
- MA can be any of 17 different Moving Averaging methods
- Price Type, MA Method and MA Period for each MA can be changed
Notes:
- Two_MA_Cross_Indicator.mq4 required (installed in the Indicators folder)
EA Features:
- EA can be turned on and off
- Distance of Price with Slow MA to approve Entry (if too far away, trade is not executed)
- More than 1 trade can be opened at once
- Minutes to Wait for Next Open Trade
- Stop Loss, Take Profit and Trailing Stop Loss options
- AutoLots or Manual
- Trade Both Sides or only one direction
- Comments Displayed on Screen
- Optional Email and Sound Alerts