Idea by: BredSS.
MQL5 Code by: Vladimir Karputov.
If you’re looking for a reliable Expert Advisor (EA) to streamline your trading, the BSS 1.0 is worth checking out. This EA utilizes three Moving Average indicators—let’s call them the “First,” “Second,” and “Third”—with average periods of 5, 25, and 125. What sets it apart is its security mechanism that ensures these averages are arranged in a specific ascending order.
To generate a trading signal, the indicators need to align either above or below one another, maintaining a Minimum distance between MAs. This arrangement is crucial for the EA to function effectively.
Here’s a visual representation of how the signals are formed:
Additionally, you can set limits on the number of open positions in the market using the Maximum quantity of positions feature. For instance, if you set this to “1,” you can even run this EA on netting accounts. The position volume can be adjusted in the Lots parameter.
Curious about its performance? Here’s a backtest from H1 between June 16, 2017, and April 25, 2018:
And here’s a single test for EURCAD on H1 during the same period:
Related Posts
- Download All Tick Data for Symbols in MetaTrader 5
- Unlocking the AK-47 Scalper EA: Your Ultimate MetaTrader 4 Companion
- Unlock Trading Insights with the Support Vector Machine Learning Tool for MetaTrader 5
- Maximize Your Night Trading with the Multi-Currency Scalper for MetaTrader 5
- Mastering the Moving Average EA for MetaTrader 5: A Trader's Guide