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Triple Moving Average Crossover Expert Advisor
Specifications:
This is a trend following EA using Triple moving average Crossover strategy. Use simple moving averages (SMAs) or exponential moving averages (EMAs),
The 3 Moving Average Crossover strategy, also known as the Triple Moving Average Crossover, relies on the EMAs intersecting to provide insight into the current direction of a market’s trend. These three Moving averages are:
· Short Moving Average (SMA) (5)
· Medium moving average (MMA) (8)
· Long moving average (LMA) (13)
How Idea works:
Open Buy orders when SMA crosses over both MMA and LMA and open Sell orders when SMA Crosses under MMA and LMA.
Closes Buy order when SMA crosses below MMA and closes sell order when SMA crosses over MMA.
Other requirements:
· By default, it should use SMA 5, MMA 8 and LMA 13, but they can be modified to fit another trading style.
· By default, it should close trades using the strategy but should have an option for Take profit, stop loss, breakeven and trailing stop loss after breakeven.
· A news filter and a time filter.
· Close trades by Friday option.
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