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OmSaiTech
Number of messages : 39
Points : 843
Date of Entry : 2016-05-08
Year : 39
Residence Country Residence Country : India

Simple Multiple Timeframe Moving Average Expert Advisor

on Mon May 23, 2016 8:04 am
Simple Multiple Timeframe Moving Average is a powerful client side expert advisor for Vertex FX Trading Terminal. The basic working principle of the EA is to take differences of Moving Averages values at various time frames and open and close orders accordingly. After attaching the EA to chart it calculates the simple Moving averages for all the time frames and opens or closes the Positions based on the Moving Average comparison.
By Default EA uses moving averages values of H1 and H4 timeframes place long and short position and close them accordingly.
The EA first checks the total number of positions and If there are no positions opened and  If the moving average value for H1 and H4 time frame for the current Bar is less than value for the previous bar then sell order is placed and this opened position is get closed  If the moving average value for H1 & H4 timeframe for the current bar is greater than the values for the previous bar.
Similarly Buy orders is placed if If the moving average value of H1 & H4 timeframe for the current bar is greater than value for the previous bar and this opened position is closed If the moving average value of H1 & H4 timeframe  for the current Bar is less than value for the previous bar.
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