Triple Moving Average EA MT4

The Triple Moving Average EA MT4 is a powerful forex software designed specifically for professional traders. It utilizes a unique strategy based on the alignment of three moving averages (MA) and their distance from each other. This strategy, often used by institutional traders, can be applied to various MA combinations, such as the MAs 10, 20, and 30 on the D1 time frame.

Main Features

The Triple Moving Average EA works best on H1 and larger time frames, making it suitable for long-term trading. It is important to note that this EA is not intended for traders seeking frequent trades and quick profits. Instead, it is optimized for EURUSD H1 with an average of 0.7 trades per week, providing a more measured approach to trading.

One of the standout features of this EA is its ability to draw supply and demand zones on the chart, allowing traders to manually adjust take profit and stop loss levels. Additionally, the EA offers several filters, including spread, time, news, moving average trend, ADX, volume, and momentum filters, to enhance trading precision. Traders also have the option to select between a fixed lot size or let the system determine the lot size based on the desired risk percentage.

Furthermore, the Triple Moving Average EA allows traders to trade in a reverse manner by setting a wide distance between the MAs, which could indicate a potential reversal. It also includes a cost averaging function for added flexibility in trading strategies.

Recommended Usage

Prior to live trading, it is crucial to test the EA on a demo account and allow at least 10 trades to be executed. Traders should also thoroughly test their setup in the strategy tester to ensure optimal performance. While the product’s blog provides detailed explanations of the input parameters, it is important to note that no trading or money management advice, optimal settings, or preset files are provided. The author can only assist with clarifying the meaning of the input parameters.

Traders interested in independent testing of the Triple Moving Average EA can visit the forexroboteasy.com website. There, they can find comprehensive signal monitoring and subscribe to updates on the results of testing this product.

Conclusion

The Triple Moving Average EA MT4 is a robust forex software designed for professional traders seeking a long-term trading strategy. With its unique approach based on the alignment of three moving averages, this EA offers a reliable tool for identifying potential trading opportunities. Traders can customize their trades using various filters and adjust take profit and stop loss levels manually. However, it is important to thoroughly test the EA and understand the input parameters before implementing it in live trading.

FAQ

1. Can the Triple Moving Average EA be used on other currency pairs?

Yes, while the default settings are optimized for EURUSD H1, the EA can be applied to other currency pairs. Traders should perform thorough testing to ensure optimal performance for their desired currency pairs.

2. How often does the EA generate trades?

The average number of trades per week is approximately 0.7. However, this may vary depending on market conditions and the selected currency pair.

3. Can the Triple Moving Average EA be used for short-term trading?

No, the Triple Moving Average strategy is primarily designed for long-term trading. It may not be suitable for traders seeking frequent trades and constant profits over a short period.

4. How can I adjust the lot size for my trades?

You have the option to choose between a fixed lot size or let the system determine the lot size based on your desired risk percentage. This flexibility allows you to adapt the EA to your preferred risk management strategy.

5. Can I trade in a reverse manner using this EA?

Yes, the Triple Moving Average EA allows you to trade in a reverse manner by setting a wide distance between the moving averages. This can indicate a potential reversal in the market.

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