Moving-Average and Momentum Expert Advisor with Configurable Exits

Summary

This Expert Advisor combines a moving-average trend indicator with a Momentum oscillator. It can evaluate signals on every tick or only when a new bar appears, and users can select the timeframe used to calculate indicators and read closing prices. Separate stop-loss and take-profit settings are available for buy and sell positions; setting a value to zero disables that exit rule.

The document describes checking for entries when no positions are open and checking whether to close positions when trades exist. It specifically gives a sell-closing condition: Momentum on the current bar is above 100. It also says optimization results for EURUSD informed the default settings and that EURUSD tests with those defaults are presented, but the supplied text omits the entry rules and the actual results. Consequently, the precise full strategy and its performance cannot be assessed from this description alone. The choice between tick-level and new-bar evaluation may also affect signal timing and testing behavior.

Key ideas

• The strategy combines a moving average with a Momentum oscillator.
• Signal checks can run on every tick or only when a new bar forms.
• The user can configure separate stop-loss and take-profit levels for buys and sells.
• A sell position is closed when current-bar Momentum exceeds 100.
• The document mentions EURUSD optimization and tests but provides no readable performance figures or complete entry rules.

Tags

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