MA on Momentum Signals with Profit and Risk Controls

Summary

This expert advisor trades when two lines of a custom moving-average-on-momentum indicator cross. It filters entries by the indicator’s 100 level: buy signals qualify below it, while sell signals qualify above it. Positions can exit at a point-based take-profit target or a money-denominated stop loss; the document says the EA has no trailing stop. It also describes optimizing the working timeframe and searching either on each tick or at the start of a new bar.

The settings cover fixed or percentage-based position sizing, minimum-lot sizing, and controls for allowing one open position, reversing signals, or closing opposing positions before entry. The document notes that only one entry can occur per bar regardless of the separate one-position setting. It gives configuration guidance but no backtest results, market, or evidence of profitability. The stop-loss units differ from the take-profit units, so users must interpret and configure them carefully; the described rules alone do not establish that the strategy is profitable.

Key ideas

• The EA uses crossings between two indicator lines as its entry signal.
• Buy crossings qualify below the indicator’s 100 level, while sell crossings qualify above it.
• Exits use a point-based take profit or a money-based stop loss, with no trailing stop.
• Position sizing can be fixed, based on percentage risk, or set to the minimum lot.
• Opposite-position handling and one-entry-per-bar behavior affect how signals become trades.

Tags

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