Moving-Average Distance Entries with Stops and Position Timing

Summary

Firebird v0.60 is described as an expert advisor that trades using a moving average and a configurable percentage distance between the price and the average. Before opening a position, it checks the time since the previous position was opened and skips a new entry if fewer than two chart periods have passed. The description lists controls for position size, stop loss, take profit, Friday trading, step increases based on the number of open positions, and a unique strategy identifier.

The document provides a brief feature description rather than a complete account of entry direction, exit logic, or position management. It mentions a sample test across symbols on an hourly chart with default settings, but gives no results or evaluation details. The prescribed nonzero stop-loss and take-profit settings are operational constraints; the text does not establish their effectiveness. Traders would need the full implementation and independent testing to assess behavior across instruments and market conditions.

Key ideas

• The advisor bases trades on a moving average and a configurable price-to-average distance.
• It enforces a waiting period of two chart periods after the previous position opens.
• Inputs include trade size, stop loss, take profit, Friday trading, and position-step scaling.
• The document mentions an hourly sample test but reports no performance figures or methodology.
• Entry direction and detailed exit behavior are not explained in the description.

Tags

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