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Moving Average Forex EA Specifications

Most of our EAs are created using EA builder, which is third-party software that allows users to develop EAs without writing code. The software is very reasonable, easy to use, and has definitely exceeded my expectations. You can get more information about the software HERE. 

Also visit the StampsFX YTube page for videos of my building several different EAs.

Strategy:

The EA takes advantage of continued momentum.  During the 17:00th hour GBPUSD,  begins picking up momentum from the New York Session. This EA places a buy or sell based on the previous candle. If the (16th hour) candle is bullish, a buy order is placed. If the 16th hour candle is bearish, a sell order is placed. 

Strategy Tester Results:

From 11/28/2019 to 12/24/2021 the MT4 strategy tester returned a profit of $234.000+. The account started with 10k, and the drawdown was $3,134.54. The EA took 537 Total Trades. The EA Won 175 trades, and Loss 362 Trades. Stop Loss was 5 PIPS, Take Profit was 25 PIPS. Visit the StampsFX YTube channel for details. Past results are not indicative of future results. The strategy test results are nota guarantee of future success. The strategy and EA provided below is not a recommendation to buy or sell a currency pair, currency, or any derivates. 

//CODE

Risk - Warning:

The overall risk is not known. Past results do not indicate future success. This EA is very risky, and the chances of it blowing an account is extremely high, as with any EA. Backtesting and running the EA on a demo account is the safest option. You (as the user) are responsible for any trading losses. Only trade with funds you are prepared to lose. Stampsfx, the creator, nor any affiliated parties are responsible for trading losses.

Live Account Results:

A live account was opened to test this forex EA, however, it is only a test. The live account took the first trade on 12/27/2021 and will run for approximately 2 weeks. The live account test is being utilized with the smallest lot size required. You can see the details on the StampsFX Youtube channel.

Instructions to Save EA:
1. COPY THE CODE ON THIS PAGE.
2. PASTE CODE IN META EDITOR
 

//+------------------------------------------------------------------+
//|                                Strategy: StampsFX Power HOUR.mq4 |
//|                                       Created with EABuilder |
//|                                        
//+------------------------------------------------------------------+
COMING SOON

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