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EA NameAdjustable MA Expert Advisor
PlatformMT4, MT5
Download MQ4 Format | MQ5 Format
Brief

Adjustable MA Forex expert advisor is a customizable moving average EA that offers flexible tuning of the traditional 2-MA cross strategy. You can set different MA periods, MA types, minimum difference, stop-loss, take-profit, trailing stop and slippage. This expert advisor always opens position on cross and closes it on the next cross.

The back-test of the Adjustable MA MetaTrader expert advisor has shown ~12.2% profit with ~12.6% maximum drawdown during a 6-year period. The used position's volume was set to 0.1 standard lots. The EA made 647 trades, of which 56.41% were profitable. The default settings were used in this back-test on EUR/USD M5 chart. As you can see, the results are not very good. It is not recommended to use this EA on live account.

MiniFAQ

Q: What are the stop-loss and take-profit used by this EA?

A: By default it uses fixed stop-loss at 100 pips and take-profit at 70 pips. The trailing stop is turned off by default.


Q: How often does it trade?

A: On 5-minute EUR/USD chart (the back-test settings) this EA will trade once every day on average.


Q: Any settings other than default can be used?

A: The limited forward test (which should be more reliable than a back-test) on AUD/USD M5 chart showed some profitable set-up for this expert advisor. These parameters should be changed from default:

  1. StopLoss — 30

  2. TakeProfit — 50

  3. TrailingStop — 20

  4. Period_1 — 50

  5. Period_2 — 10

This EA is ECN-compatible. If you are trading with an ECN broker (with market execution for orders), you cannot set SL/TP on position opening. You have to open a position first without SL/TP and only then modify it, adding stop-loss and/or take-profit level. This EA will do it automatically.

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