Linear Weighted MA-Cross – Forex Expert Advisor

The Linear Weighted MA-Cross Expert Advisor is an FXCM optimized trading robot for EURUSD, GBPUSD currency pairs on timeframes from M1 and higher. The advisor is free and works only on MetaTrder4 trading terminal. The minimum recommended deposit is $500. The Linear Weighted MA strategy used by the advisor consists of placing buying or selling orders in dependence on the relationship between the two Linear Weighted Moving Averages, the quick and the slow ones.

The above described method is applied because the accent it put on recent price information in comparison to the Simple Moving Average. The stop-loss and take-profit are available in the advisor. The indicators used by the advisor are LinearWeightedMAfast and LinearWeightedMAslow. Linear Weighted MA-Cross opens all trades at the close of the current candle. Multi-trades are not available in the advisor.

The Linear Weighted MA-Cross EA buys and sells depending on the relationship of two Linear Weighted Moving Averages: one “fast” and one “slow.” The Linear Weighted Moving Average is used because of the emphasis it places on recent price data compared with the Simple Moving Average.

Buying logic

When the “fast” Linear Weighted Moving Average crosses above the “slow” a buy trade is opened.

Note: The trade is closed by a stop or a limit, whose price is defined by the user. All trades open at the close of the current candle. The EA only opens one trade at a time, regardless of the number of crossovers that occur.

Selling logic 

When the “fast” Linear Weighted Moving Average crosses below the “slow” a sell trade is opened.

Note: The trade is closed by a stop or a limit, whose price is defined by the user. All trades open at the close of the current candle. The EA only opens one trade at a time, regardless of the number of crossovers that occur.

Money Management Inputs

• MagicNumber: A unique identifier that allows the EA to account for and manage its trades
• LotSize: The number of lots traded
• MaxDeviation: The maximum slippage allowed (in pips)
• StopLoss: The stop price, as defined by a number of pips away from the open price
• TakeProfit: The take profit price, as defined by a number of pips away from the open price

Indicator Inputs

• LinearWeightedMAfast: the number of periods that define the frequency at which the fast moving average is calculated
• LinearWeightedMAslow: the number of periods that define the frequency at which the slow moving average is calculated