Smoothed Average - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 Resources

The EA is based on 1 Moving Average indicator, the exit and entry points are determined by the "smoothing factor"; a fixed number of points above or below the MA.

It opens no more than 1 position at a time and has no stop loss, take profit or trailing stop, which may change in future versions.

This was uploaded for experimental purposes, it is a very unpolished EA and I would not recommend running it on a real account.

Test results:

The graph below was tested over a 5-year period, using parameters that also performed well over a 10-year period (2005 to 2015).

The standard settings are for EURUSD's 1-hour chart, but can be easily optimized for any currency pair and time frame.

The long term goal is to make this EA profitable in the long term, i.e. 5 years or more with as little complexity as possible.

Thanks for the feedback and enjoy.

Attachment download

📎 smoothingaverage.mq4 (2.46 KB)

Source: MQL5 #12789