Oct. 18, 2012
-- Many stocks and currency traders, know about the power of Moving Average (MA), which is a lagging indicator. Average for a certain period is plotted as graph and plotted over the charts which may trigger buy and sell calls. It is suitable for both currencies as well as stocks.
How EA works?
1. Opens buy order, when 14-day simple MA crosses above 28-day simple MA
2. Opens sell order, when 14-day simple MA crosses below 28-day simple MA
Default settings are configured like when re-cross over occurs, trade closes by EA. One can avoid this by setting Take Profit or Stop Loss Level. This Expert Advisor has been coded in mql4 language and compatible with MT4.
Back testing results have been added online, on testing over EURUSD from 2008-01-01 to 2012-10-
15. Profit Factor is 1.15. This is a simple strategy automated, yet with some tweaks profit may get increased. Remeber do not attach this EA to your live account. Test with your Demo account first and use at your own risk.
For more information on MA Cross Over EA, go to http://101forexbrokers.com/movingaverage-crossover-mt4-ex...