Stochastic MA Trade MT5 EA

Overview

The Stochastic MA Trade Bot is an Expert Advisor for MetaTrader 5, designed to automate forex trading using the Stochastic Oscillator and a Moving Average filter. Ideal for traders seeking momentum-based strategies, it generates buy or sell signals when the Stochastic crosses key levels (20/80) and price aligns with a 100-period SMA trend, executing trades with a 0.1 lot size. Its strength lies in its dual-indicator confirmation and precise risk parameters, offering a reliable tool for trend-filtered momentum trading.

Features

This Expert Advisor delivers a robust momentum trading system. Indicator Integration: Uses a 5/3/3 Stochastic Oscillator (SMA, low/high) for overbought/oversold signals and a 100-period SMA (close price) for trend confirmation. Signal Generation: Triggers a buy when Stochastic crosses below 20 and price is above the SMA, or a sell when Stochastic crosses above 80 and price is below the SMA, processed on new bars. Trade Execution: Opens trades with 0.1 lots, a 1000-pip stop-loss, and a 100-pip take-profit, with no magic number. Efficient Execution: Processes signals on new bars, ensuring compatibility across timeframes and symbols with minimal resource usage. Error Handling: Skips processing if indicator data retrieval fails, ensuring robust operation.

Benefits

The Stochastic MA Trade Bot automates momentum trading with a disciplined approach, combining Stochastic signals with SMA trend filtering to reduce false entries. Its 10:1 risk-reward ratio targets high-probability setups, making it ideal for swing or intraday trading. The lightweight design ensures seamless integration into any setup. Supported by Allan Munene Mutiiria, this Expert Advisor provides a dependable, user-friendly solution for momentum traders.

Specifications

• Type: Digital software (Expert Advisor for MetaTrader 5)
• Platform: MetaTrader 5
• Language: MQL5
• Version: 1.00
• Developer: Allan Munene Mutiiria - https://t.me/Forex_Algo_Trader
• Link: https://youtube.com/@ForexAlgo-Trader
• Requirements: Active MetaTrader 5 platform, forex symbols
• Indicators: Stochastic Oscillator (5/3/3, SMA, low/high), 100-period SMA (close price)
• Trade Settings: 0.1 lots, 1000-pip SL, 100-pip TP, no magic number
• Signals: Buy on Stochastic < 20 + price > SMA; sell on Stochastic > 80 + price < SMA
• Execution: New bar processing, tick-based checks