If you’re looking to enhance your trading strategy, the Exp_3rdGenerationXMA EA is a solid option worth considering. This Expert Advisor leverages the changing direction of the 3rdGenXMA moving average to generate trade signals. You’ll get a signal whenever a bar closes and the MA direction shifts, giving you a timely opportunity to make a move.
To make sure the EA operates smoothly, don’t forget to place the compiled indicator file 3rdGenXMA.ex5 in your terminal_data_directory\MQL5\Indicators. A little setup goes a long way!
The testing results below were generated using the default input parameters of the EA, and no Stop Loss or Take Profit was applied during these tests, so keep that in mind when you’re evaluating performance.
Fig. 1. Examples of transactions on the chart
Here are the testing results for the NZDUSD pair on the H4 timeframe from 2011:
Fig. 2. Testing results chart
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