The two robots from the Moving Average Crossover Expert Advisor pack are designed to operate on the USD/JPY currency pair using the 15-minute (M15) timeframe. Both rely on a core Moving Average Crossover strategy.
The complete download set includes Collections, EAs, and Settings for USDJPY Setup. Here is a brief strategy overview behind each EA:
Moving Average Crossover Expert Advisor 1 (#972731748)
- Lot Size: The robot opens trades with a fixed volume of 0.1 lots, providing consistent position sizing.
- Stop Loss: A static stop loss of 25 pips ensures controlled risk per trade, protecting capital during unfavorable market movements.
- Take Profit: Set at 86 pips, yielding a risk-to-reward ratio of approximately 1:3.4, which favors capturing larger gains.
- Indicators Used:
- Bollinger Bands: Configured with a 42-period length and 1.04 deviation, this indicator identifies overbought and oversold market conditions.
- Stochastic Oscillator: With a %K period of 21, a %D period of 4, and a slowing factor of 12, this indicator helps confirm momentum shifts around key levels (e.g., 20 and 80).
- Moving Averages Crossover: A fast moving average (49) crosses a slower moving average (82) to signal trend changes.
- Trailing Stop: This feature is not utilized, meaning the robot relies on fixed stop loss and take profit levels for risk management.
Moving Average Crossover Expert Advisor 2 (#600642685)
- Lot Size: Similar to Robot 1, this robot also uses a fixed volume of 0.1 lots, maintaining consistency across trades.
- Stop Loss: A slightly wider stop loss of 30 pips. It allows more flexibility for the trade to breathe, accommodating market volatility.
- Take Profit: The take profit level at 90 pips helps to achieve a favorable risk-to-reward ratio of 1:3.
- Indicators Used:
- RSI (Relative Strength Index): Configured with a 14-period length and threshold levels at 30 and 70 to detect overbought or oversold conditions.
- MACD (Moving Average Convergence Divergence): Standard settings (fast EMA of 12, slow EMA of 26, signal line of 9) confirm trends and momentum strength.
- Bollinger Bands: Configured with a 20-period length and a 2.0 deviation, these bands identify areas of volatility and potential reversals.
- Moving Averages Crossover: Integral to the strategy, the crossover validates trend direction and momentum alignment.
- Trailing Stop: Enabled with a step size of 10 pips, this dynamic feature secures profits as trades move favorably.
For instructions, you can download our Free Expert Advisors Startup Guide before trading with the robot.
Disclaimer: These trading robots are for educational purposes and are free to download. Always test on a demo account first. Users should fully understand the strategies and ensure they align with their financial goals and risk tolerance before deploying them in live accounts.
