Triple MA Crossover MT5 EA

Overview

The Triple MA Crossover is an Expert Advisor for MetaTrader 5, designed to automate trading based on a triple moving average crossover strategy. Ideal for trend-following traders, it uses fast (8-period), slow (21-period), and filter (100-period) simple moving averages (SMAs) to generate buy and sell signals. Its strength lies in its clear signal logic and risk-managed trade execution, offering a reliable tool for capturing trend reversals.

Features

This Expert Advisor delivers a streamlined trading system. Indicator Setup: Uses three SMAs (Fast: 8 periods, Slow: 21 periods, Filter: 100 periods, PRICE_CLOSE) on user-defined timeframes (default: current). Signal Detection: Triggers a buy when Fast MA crosses above Slow MA and Slow MA is above Filter MA; triggers a sell when Fast MA crosses below Slow MA and Slow MA is below Filter MA, checked on new bars. Trade Execution: Places 0.01-lot trades (buy at Ask, sell at Bid) with 300-point stop loss (SL) and 100-point take profit (TP). Trade Management: Executes trades only if no positions are open, ensuring single-position strategy. Efficient Execution: Processes signals on new bars, validates buffer data, and releases indicator handles on deinitialization.

Benefits

The Triple MA Crossover simplifies trend trading by automating multi-MA signal detection, reducing the need for manual analysis. Its fixed SL/TP settings provide consistent risk management, making it ideal for beginners or traders seeking low-maintenance automation. The flexible timeframe inputs allow customization, while the new-bar check optimizes performance. Supported by Allan Munene Mutiiria, this Expert Advisor offers a practical, user-friendly solution for trend-based trading.

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: SMA (Fast: 8, Slow: 21, Filter: 100, PRICE_CLOSE)
• Inputs: Fast MA period (8), Slow MA period (21), Filter MA period (100), timeframes (current), lot size (0.01), SL (300 points), TP (100 points)
• Trade Settings: 0.01 lots, 300-point SL, 100-point TP, buy at Ask, sell at Bid
• Functionality: Detects triple MA crossover signals, places buy/sell orders (single position)
• Execution: New-bar signal check, tick-based processing
• Output: Trade execution, no debug logs