The attached Expert Advisor operates on a moving average crossover strategy. It triggers a buy signal when the short-term moving average surpasses the long-term moving average, and a sell signal when the short-term moving average falls below the long-term one.
The specific moving averages aren’t predefined in the code, so you’ll need to select them, including the lengths for both the short-term and long-term moving averages.
Besides the primary strategy, the EA includes safeguards that halt trading under particular circumstances, such as when the account equity drops below a set threshold or if the maximum drawdown exceeds a certain limit.
It also provides trade management features, like closing all positions if the market is closed or if the user stops the EA.
The primary objective of this EA is to generate profits by trading financial markets, but it’s crucial to note that profitability is not guaranteed. Trading always carries the risk of loss.
Key features include:
- Identifies trading opportunities using a moving average crossover strategy.
- Suspends trading when certain conditions, like low account equity, are met.
- Manages open trades efficiently.
- Aims to profit from market trading.
Limitations to consider:
- The strategy relies on historical data, with no assurances of future profitability.
- It is susceptible to market volatility, risking potential losses.
- The strategy is intricate, potentially posing challenges in comprehension and execution.
In summary, this EA employs a moving average crossover strategy, enhanced with specific conditions to cease trading when necessary.
PipHunter.zip (103.2 KB)