FMOneEA: Configurable Moving-Average-Period Trading with Dynamic Risk Controls

Summary

FMOneEA is a MetaTrader 4 expert advisor whose documented settings cover trading timeframe, lot sizing, profit targets, stop losses, trailing controls, and handling losing orders. Earlier versions used ZigZag and MACD signals on an hourly chart; a later update says the signal was simplified to remove ZigZag. The settings excerpt describes automatic or user-set position size, limits on open orders, optional lot multiplication after losses, and automatic or fixed exits.

The document provides configuration details and a dated change history, but no strategy rules sufficient to reproduce entries, and its “Testing results” section contains no results. It also gives no performance, drawdown, or robustness evidence. The description of timeframes is inconsistent: the opening says the EA works only on H1, while later settings describe operation across timeframes and recommend H4. Treat the material as a partial, historical specification rather than evidence of profitability or a complete trading method.

Key ideas

• The EA’s documented signals evolved from using ZigZag and MACD to a simplified formula that no longer used ZigZag.
• Position size, order limits, profit targets, stop losses, and trailing behavior are configurable.
• An optional redemption setting can increase lot size after a losing order, subject to a stated cap.
• The document gives no usable strategy test results or evidence of profitability.
• The stated timeframe guidance is inconsistent across sections.

Tags

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