Triple MA Crossover EA
Logic:
- Grid:
- The EA implements a grid strategy by opening multiple positions as the market moves, based on the crossover of three different moving averages (Fast, Middle, and Slow MAs).
- It allows for the opening of both buy and sell orders depending on the market trend identified by the moving averages.
- Moving Average Crossover:
- The primary signal generation is based on the crossover of the Fast, Middle, and Slow MAs.
- The EA opens buy orders when the Fast MA crosses above the Middle MA, and the Middle MA crosses above the Slow MA, indicating a bullish trend.
- Conversely, sell orders are opened when the Fast MA crosses below the Middle MA, and the Middle MA crosses below the Slow MA, indicating a bearish trend.
- Trailing Stop:
- The EA includes a trailing stop mechanism with multiple types, which adjusts the stop loss level as the market moves favorably.
- It can be configured to move the stop loss immediately or wait until a certain level of profit is achieved before adjusting.
- Money Management:
- The EA incorporates money management features, including the ability to calculate lot sizes based on account equity and risk percentage.
- It also includes a mechanism to limit the number of trades based on margin level, ensuring that trades are only opened when the account equity is above a certain threshold.
- Exit Strategy:
- The EA closes positions when the moving averages cross in the opposite direction of the opened trade, indicating a potential reversal in the trend.
- It also supports closing trades based on predefined stop loss and take profit levels, which can be dynamically adjusted by the trailing stop feature.
