This expert advisor is optimized for the EUR/USD H1 TIMEFRAME forex value. Its operation is based on a multi time frame moving average strategy, so it can be classified as a trend expert. When the trend has consolidated on one direction the algorithm buys or sells the currency pair.

The reference timeframe is relative to H1, so check that the window chart where the expert advisor is launched is set for this period.

Below you will see the result of the strategy tester based on the initial configuration parameters of the variables, as you can see the long-term system gives constant winning results with a very low drawdown. I recommend testing the system by downloading the demo version and using your broker’s history.

I have been using this system myself for many years and until now it has given excellent results.

The functions of the input parameters are described below.

• MagicNumber : Expert advisor unique identification number.
• StopLoss  : Money loss protection in pips.     
• TakeProfit : Desired cash gain in pips.
• Lots : Number of lots you want to buy / sell.
• Autolot : Enables or disables the mode of assigning the lots to be traded.
• AutolotRisk : Percentage risk referred to the balance for assigning the value of the lots to be traded. (When the autolot function is enabled, the value   entered in the “lots” field is not taken into consideration!).
• SpreadFilter : Enable or disable the spread filter.
• MaxSpread : Maximum value of the spread allowed for the execution of market orders. the number of digits depends on your broker and can be found   in the “market view” box on the MT4 platform.

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