EMA swing FOREX expert advisor

In this expert advisor, combination of two slow period EMAs are used to identify the major trend in our timeframe. Another two EMAs are used to find an entry and the exit for our swing trade.

 

Expert rides the trade for as long as possible and only in the direction of general trend.

 

For the best results, trade with professional ECN/STP broker with MT4. If you can't trade with profit. Automatically copy the traders that are already profitable.

 

Used forex indicators

 

  • Exponential moving averages (EMA) 500 and 250. Slow calculation period is used to identify major trend in our currency pair. All trades are taken only in confluence with this general market direction. Faster EMA 250 trending above slower signalize uptrend and vice versa for downtrend.

  • Second EMA tandem (14 and 21). Standard procedure for EMA crossing entry is used here. Faster EMA crossing slower signalize entry in respective trade direction and closing of previous position. Expert advisor will wait for fully closed candle to confirm the validity of crossing. No additional stop loss o profit target is used. Expert uses only EMA crossing to determine exit and entry.

 

Notes to input:

  • Lots: Default lot size used for all the trades

  • Fast EMA period:  Calculation period of faster signal EMA

  • Slow EMA period:  Calculation period of slower signal EMA

  • Filter EMA slow: Calculation period for slower filter EMA

  • Filter EMA fast: Calculation period for faster filter EMA

  1. Expert advisor is provided freely as it is.

  2. For your own benefit, test is both on historical data and forward demo data.

  3. Live use only on your own risk. 

  4. Is this expert  advisor working as described ?

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We recommend you to use this forex strategy with one of our trusted forex brokers (STP/ECN with MT4 bridge).

To win you must trade with broker on your side.

Dislaimer:  Expert advisor was tested for profitability on historical data. All screen shots provided are displaying real results of the test. However past data will never guarantee future success. Every expert advisor needs to be tested properly on demo account. LIVE use only on your own risk. Read full disclaimer.

TheForexKings Team does not give any financial advice. TheForexKings does not take any responsibility for any user’s investments and investment decisions. All rights reserved. Strictly for personal use. 

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THEFOREXKINGS

“Trading FOREX since 2006. Full time trader and web developer since 2013. My two biggest hobbies are trading and web development. In TheForexKings I managed to connect both of them. Even after 12 years of trading I still have the same passion for the market as at the beginning. The aspect I enjoy the most : development and testing of new ideas.” 

 

Only in 2016 - 2017 we have created more than 400 forex strategies. During this period we have also developed and published +200 MT4 Expert advisors based on those strategies. We are dedicated to provide you with viable and complete trading systems that have thrived in extensive historical testing. We want to give you complete and transparent trading solutions, that once mastered ,will set you financially free. We want to give you a fighting and winning chance in the market. ” 

—  Marian, Proprietor of TheForexkings.com