Discover: Metatrader 5 Experts | Exp_3rdGenerationXMA | MQL5 Code

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The Exp_3rdGenerationXMA Expert Advisor is based on the change in the 3rdGenXMA moving average direction. A signal for a transaction forms when a bar is closing, provided that the MA direction has changed.

Proper operation of the generated Expert Advisor requires the compiled indicator file 3rdGenXMA.ex5 to be placed in terminal_data_directory\MQL5\Indicators.

Tests shown below were run using the default input parameters of the Expert Advisor. Stop Loss and Take Profit were not used during the tests.

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Fig. 1. Examples of transactions in the chart

Testing results for NZDUSD H4 over 2011:

Fig. 2. Testing results chart

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