The FREE Moving Average Crossover EA for MT4 & MT5 is an automated trading system designed for trading the EUR/USD currency pair on M15 (15-minute) timeframe. It utilizes a multi-indicator strategy to confirm trade entries. This is a trend-following strategy with momentum confirmation. The moving average crossover forms the primary entry signal, while DeMarker, Stochastic, and Momentum indicators act as filters to confirm entries, ensuring trades align with strong trends and reducing false signals. This combination aims to improve entry accuracy and risk management. Here are the key parameters of the Moving Average Crossover EA MT4 FREE Download strategy:
- Lot Size: Fixed at 1.00 (Entry_Amount = 1.00 lot by default).
- Stop Loss: 80 pips (Set as a fixed Stop Loss).
- Take Profit: 75 pips (Set as a fixed Take Profit).
- Indicators Used:
- Moving Average (MA): Uses a fast (35-period) and slow (12-period) moving average for crossover signals.
- DeMarker Indicator: Applied with a 40-period setting and a threshold level of 0.45.
- Stochastic Oscillator: Configured with %K = 24, %D = 7, and Slowing = 24, likely used to confirm overbought/oversold conditions.
- Momentum Indicator: Uses a 65-period setting with a reference level of 100, possibly for trend strength validation.
For instructions, you can download our Free Expert Advisors Startup Guide before trading with the robots.
Disclaimer: This Moving Average Crossover EA for MT4 & MT5 is for educational purposes and is free to download. Get the robots and test them on a Demo account. Traders should regularly monitor the performance to ensure it aligns with expectations.
