This expert advisor was suggested to me by a kind forum user bobbillbrowne in the Expert Advisors and Automated Trading section. In a nutshell, it makes use of the linear weighted moving averages (LWMA) on the short-term time frames such as 1-min, 5-min, and 15-min charts. Here are the results from Oct 2010 to Oct 2013:
Number of trades 23
Profit/Loss in % 21.39%
Win ratio 56.52%
Largest profit 4.58%
Average profit 0.43%
Average loss 3.46%
Maximum drawdown 13.45%
The file’s attached for anyone’s who’s also interested to backtest or optimize. Just share your results in this thread, ayt?
BOB’s MTF LWMA’s Bot AUSJPY.zip (7.18 KB)