The Enhanced 2MA Forex robot for MT4 is an advanced expert advisor that deploys moving averages.
In this case, it’s known to work with two simple moving averages of period 14 and 180.
In addition, the algorithm is designed to accommodate an additional four parallel moving averages.
The automated trigger for buy and sell gets activated when the 14 period SMA crosses any of the parallel MAs.
The expert advisor carries out the necessary computational work and is quick to assess the prevailing market direction using the activities of the SMA.
The EA made $17882.10 profit on the EUR/USD pair 1-Hour chart from an initial deposit of $10000.
Feel free to tryout the robot on any major Forex pair of your preference (EUR/USD, GBP/USD, USD/JPY, …) along with minors like the EUR/GBP, EUR/AUD, GBP/JPY, CHF/JPY, NZD/JPY, GBP/CAD, etc.
Default EA settings:
__1__: trading settings, take_profit: 1000, stop_loss: 3, __2__: indicator_settings, calculated_bar: 4, fast_ma_period: 20, fast_ma_method: 2, price_const_of fast_ma: 4, slow_ma_period: 180, slow_ma_method: 2, price_const_of slow_ma: 4, __3__: level settings, upper_1: 950, upper_2: 300, lower_1: 750, lower_2: 450
The default EA settings can be modified directly by editing the source code or changing the Forex robot’s input values.
It’s highly advised to test the expert advisor for MT4 on a practice account first before running it on a live Forex account.
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Strategy Tester Performance Report
Find below the strategy tester performance report for the Enhanced 2 MA expert advisor attached to the EUR/USD 1-Hour trading chart.
Strategy Tester Performance Highlights
The expert advisor made a total profit of $17882.10 ($10000 initial deposit) from 10 trades during the initial testing period.
The largest winning trade generated $3000.00 in profit, while the largest losing trade lost -$3054.00.
See the test results report above for all details.
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__1__, take_profit, stop_loss, __2__, calculated_bar, fast_ma_period, fast_ma_method, price_const_of fast_ma, slow_ma_period, slow_ma_method, price_const_of slow_ma, __3__, upper_1, upper_2, lower_1, lower_2.
.More Info About This Expert Advisor
Recommended Currency pairs: Majors & Minors
Trading Platform: MT4
Time frames: H1 – H4 – D1
Expert Advisor Type: Swing Trader
Copy and paste the expert advisor in the MT4 experts data folder.
Then restart the MT4 terminal and attach it to any chart.