True Sort 1100: Multi-Timeframe Moving Average Crossover Strategy
Info
The True Sort 1100: Multi-Timeframe Moving Average Crossover Strategy is a Expert Advisor for MetaTrader 5 that this expert advisor (ea) employs a sophisticated trading strategy based on the alignment of five moving averages with varying periods (10, 20, 50, 100, and 200). Trading Logic:- When the moving averages align in ascending order (MA(10) > MA(20) > MA(50) > MA(100) > MA(200)), a buy signal is triggered.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use True Sort 1100: Multi-Timeframe Moving Average Crossover Strategy
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
This Expert Advisor (EA) employs a sophisticated trading strategy based on the alignment of five moving averages with varying periods (10, 20, 50, 100, and 200).
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: True Cost Report: Accurate Trading Cost Measurement - another powerful expert for MetaTrader 5 traders.
This Expert Advisor (EA) employs a sophisticated trading strategy based on the alignment of five moving averages with varying periods (10, 20, 50, 100, and 200).Also recommended: Exp Coeffof Line True - similar expert with strong performance on MetaTrader 5.
Trading Logic:
- When the moving averages align in ascending order (MA(10) > MA(20) > MA(50) > MA(100) > MA(200)), a buy signal is triggered.
- Conversely, when the moving averages align in descending order (MA(10) < MA(20) < MA(50) < MA(100) < MA(200)), a sell signal is generated.
The EA incorporates an additional filter using the ADX indicator. If the ADX value is below 20, buy and sell signals are ignored, ensuring trades are only executed during strong trends.
Testing and Optimization:
The EA has been rigorously tested in the 'Every Tick' mode on two timeframes: H1 and D1, with specific stop loss and take profit settings for each.
H1 Timeframe:
- Stop Loss: 30
- Take Profit: 90
D1 Timeframe:
- Stop Loss: 50
- Take Profit: 150
The EA's performance was evaluated on the following currency pairs:
- EURJPY (H1)
- USDJPY (H1)
- EURGBP (D1)
- EURUSD (D1)
This strategy demonstrates a unique approach to trend identification, utilizing multiple moving averages and the ADX indicator for confirmation.
You may also like: True Scalper Profit Lock EA - excellent alternative for expert users on MetaTrader 5.
Source Code
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⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.