Using Moving Averages with EA for MetaTrader 5

Mike 2017.03.23 01:22 29 0 0
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Idea Contributor: John Smith, MQL5 Code Author: barabashkakvn.

If you’re looking to boost your trading game, this Expert Advisor (EA) is all about leveraging the intersection of two Moving Averages. It’s designed to help you make sense of the market movements quickly. Just a heads-up, the Take Profit and Stop Loss levels are set as virtual, and the indicator parameters are hard-coded, so you won’t be able to tweak them.

We’ve optimized this strategy for the M5 timeframe, focusing on achieving a solid balance along with the maximum Sharpe Ratio. Our testing period ran from January 1, 2017, to February 27, 2017. Here’s how it performed across all pairs with the default settings:

Timeframe M5

Now, let’s take a look at how it fared on the M15 timeframe using the same default parameters. Check out the results below:

Timeframe M15

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