Multi-Timeframe Moving Average Fan Signals for GBPUSD

Summary

This MetaTrader expert advisor combines a fan of moving averages across three timeframes, with five averages on each, to generate signals for GBPUSD on a five-minute chart. Its inputs tune position size, flat-market filters, stochastic thresholds, moving-average spacing, candle patterns, divergence, stop loss, take profit, breakeven, and trailing stops. The document also describes retrieving indicator values one bar at a time or in arrays, and using price-series data to speed calculations.

The strategy includes several signal concepts, such as fan convergence, divergence, and hammer candles, but the document does not give their full entry and exit rules or show the outcome of its single real-tick test. The EA is explicitly restricted to GBPUSD on M5 and reports an error on other symbols or timeframes. Its parameter list suggests substantial tuning, while no performance statistics, risk-adjusted results, or evidence of robustness across market conditions are provided.

Key ideas

• The EA uses moving-average fans across three timeframes to build trading signals.
• It includes stochastic filters and candle or divergence conditions among its configurable inputs.
• Risk controls include initial stops, profit targets, breakeven adjustments, and trailing stops.
• The documented implementation is restricted to GBPUSD on a five-minute chart.
• The source mentions one real-tick test but provides no performance results.

Tags

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