Smoothing Average – expert for MetaTrader 4
This EA is based on 1 moving average indicator, the exit and entry points are determined by a “smoothing factor”; a fixed amount of pips above or below the MA.
It opens no more than 1 position at a time and has no stoploss, takeprofit or trailingstop, these may be subject to change in future versions.
This has been uploaded for experimental purposes, it is a very unpolished EA and I don’t recommend running this on a live account.
The following chart is a test conducted over a 5 year period, using the same parameters it has also worked decently over a 10 year period (2005 to 2015).
Standard settings are for the 1 hour chart on EURUSD, but can easily be optimized for any currency pair and timeframe.
Long term goal is to make this EA
profitable over a prolonged period of time, i.e 5 years or more with as
little complexity as possible.
Feedback is appreciated, enjoy.
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