Description

The EA only operates when a new bar appears. Position volume is always fixed and set in the Lots parameter. Stop Loss, Take Profit and Trailing Stop parameters can be disabled – to do this, set the appropriate value to “0.0”. The last Trailing Step parameter – trailing step.

Two Moving Averages (First and Second) are used. The crossing is defined in a very simple way (this is not the most accurate method, but it is the easiest one) – by analyzing the indicators values on two adjacent bars:

//--- Buy Signal
   if(MA_First[1]>MA_Second[1]+ExtMA_MinimumDistance && MA_First[2]<MA_Second[2]-ExtMA_MinimumDistance)
...
//--- Sell signal
   if(MA_First[1]<MA_Second[1]-ExtMA_MinimumDistance && MA_First[2]>MA_Second[2]+ExtMA_MinimumDistance)
...

where:

• MA_First[1] – First indicator value on bar #1;
• MA_First[2] – First indicator value on bar #2;
• MA_Second[1] – Second indicator value on bar #1;
• MA_Second[2] – Second indicator value on bar #2;
• ExtMA_MinimumDistance – calculated parameter of the minimum distance between the indicators (Minimum distance between MA’s). This parameter can be completely disabled: to do this, set the parameter to “0.0” in the inputs.

Then each signal is checked by the filter using the Momentum indicator – the Momentum filter parameter override is checked.