Trading libraries for MetaTrader 4

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MetaTrader 4

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Three SMA Grid EA

three-sma-grid-ea-logo-200x200-4755
50 $38 $

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Information

Experts
MetaTrader 5
Christoph Kreher
1.0
10

Overview

Simple EA with 3 SMAs and Grid. The Expertadvisor can be run in either “TREND” or “RETRACE” mode.

In trend mode, it opens positions in the direction of the movement of the base moving average.

In retrace mode, it opens positions in anticipation of the price moving back to the base moving average.

It then uses a simple grid strategy if the position turns into a loss. Grid levels can be defined specific to the market.

User can set "positive Swap Only"-Mode to reduce trading costs for positions that may need to be held for a longer period of time.

A news filter,  filter by day of the week and fibonacci pricelevel filter are built in.

It depends on your personal preferences and the respective market which parameters should be set and how. You have to test it yourself.

The EA is programmed in such a way that optimization runs consume little time.



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