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EUR/USD Moving-Average Crossover System on a 30-Minute Chart

Article MQL5 code base
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Summary

This trading-system description uses simple moving averages with periods of 5, 20, 40, and 60, and specifies EUR/USD on a 30-minute chart. The entry rule is based on the 40-period average crossing the 60-period average: an upward cross opens a long position, while a downward cross opens a short position. Positions close when the averages cross in the opposite direction. The description also states a 60-pip stop loss and a 0.1 lot size.

The document gives no backtest statistics or trade history, despite mentioning results, so it provides no evidence about profitability, drawdowns, or performance across market conditions. It does not explain the role of the 5- and 20-period averages in the entry or exit rules, nor does it specify execution assumptions, spread, or other costs. The rules are therefore a brief system outline rather than a complete assessment of a trading strategy.

Key ideas

  • The stated market and chart interval are EUR/USD on a 30-minute chart.
  • A 40-period SMA crossing the 60-period SMA triggers long or short positions according to cross direction.
  • Positions close on the reverse crossover, with a stated 60-pip stop loss.
  • The description specifies 0.1 lot size but does not explain how the 5- and 20-period averages are used.
  • No performance data or trading-cost assumptions are provided.

Tags

ForexTrend followingTechnical indicators

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.