The FREE Moving Average Expert Advisor (EA) is designed for trading based on multiple technical indicators, primarily the Moving Average (MA). It incorporates additional filters like the Relative Strength Index (RSI), Commodity Channel Index (CCI), Average True Range (ATR), and Bollinger Bands to refine trade entries and exits. The EA operates on a fixed Stop Loss (69 pips) and Take Profit (41 pips), with an entry lot size of 1.00. This strategy is suitable for trend-following and volatility-based trading approaches. Below is the brief overview of the strategy:
- Entry Volume (Lot Size): 1.00
- Stop Loss: 69 pips
- Take Profit: 41 pips
- Indicators Used:
- Moving Average (MA): Period 14, Shift 0 (Simple trend-following indicator).
- Relative Strength Index (RSI): Period 19, Level 30 (Used for overbought/oversold conditions).
- Commodity Channel Index (CCI): Period 42, Level 0 (Measures price deviation from the mean).
- Average True Range (ATR): Period 31, Level 0.0030 (Measures market volatility).
- Bollinger Bands: Period 19, Deviation 3.29 (Defines dynamic support/resistance levels).
For instructions, you can download our Free Expert Advisors Startup Guide before trading with the robots.
Disclaimer: This Moving Average Expert Advisor is for educational purposes and is free to download. Get the Forex Trading EA and test it on a Demo account. Traders should regularly monitor the performance to ensure it aligns with expectations.
