Dual Moving Average Expert Advisor with Order Grids and Reversal Modes
Summary
This Expert Advisor uses fast and slow moving averages to determine direction. It opens a buy when the fast average is above the slow average by a configurable minimum distance, and a sell under the opposite condition. The EA can close or retain existing positions when the averages cross, depending on which of its two operating modes is selected.
Additional modules manage take profit, stop loss, trailing stops, order spacing both with and against the trend, timed entries, and opposite-direction pending orders. It can also increase the size of a new main order after a loss, subject to configured limits, and supports two methods for calculating a target across multiple positions. These features create substantial exposure and drawdown considerations, especially when averaging or increasing size.
The author reports live PAMM trading during a stated 2015 period, with different net and maximum gains, and test runs claiming monthly returns alongside drawdown. The text attributes the gap between the live gains to manual interference and warns that settings are account and broker specific. It gives no independent verification, sample details, or robust risk-adjusted comparison, so the reported results are not evidence of general performance.
Key ideas
- The EA enters in the direction of the fast and slow moving-average relationship, optionally requiring a minimum separation.
- Two operating modes determine whether positions close or remain open when the moving averages reverse.
- Grid spacing, averaging targets, trailing stops, timed entries, reversal orders, and loss-based lot increases are optional modules.
- The document reports live and test results, but offers no independent verification or detailed test methodology.
- The author says settings must be adapted to the broker and account, and advises against excessive optimization.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.