Linear Weighted MA-Cross trading advisor is a trading robot, optimized for work on trading accounts of FXCM. Expert Advisor is free, but its use is limited to work only in the MetaTrader4 terminal. The trading strategy used by the Expert Advisor is to place trade orders to buy or sell, depending on the position of two weighted average linear moving, fast and slow. This method is used because the strategy focuses on recent price information compared to the Simple Moving Average value. Thus, the trading system uses LinearWeightedMAfast and LinearWeightedMAslow indicators. Linear Weighted MA-Cross Expert Advisor opens all deals at the closing of the current candlestick. The Expert Advisor is not intended for making several deals simultaneously.
Linear Weighted MA-Cross – detailed information
|Executive class||Short- and medium-term|
|Type of Expert Advisor||trendy|
|Size of the lot||no less than 1000 pips for 0.1 of the standard lot|
|Size of deposit, $||500|
|Timeframes||from M1 and above|
|Strategies||Linear Weighted MA|
|Pair tool/forex||EURUSD, GBPUSD|
|Yield, % p.a.||42.77|
|Max. drawdown, % p.a.||12.29|
|Autonomous account type|
|Maximum risk limit|
|Many series in one direction|
|Automatic start lot|
|Fixed Take Profit|
In connection with the popularization of automated trading, many investors ask themselves what is a Forex Expert Advisor? First of all, it is a special program required to manage the trading process automatically, i.e. without the trader’s participation. A trader invests in the robot in advance, a kind of algorithm, the conditions on the basis of which the subsequent market activity is carried out.
When you trade manually, you need to analyze the market yourself, take into account the forex forecast for the current day, forex news and choose the entry points to the market. However, it is also possible to trade automatically, using special programs that do most of the work for a trader – forex advisors.
Trading involves obtaining a great deal of knowledge – understanding the functioning of the market and various nuances, including the ability to apply technical and fundamental analysis. Forex Expert Advisors, i.e. the programs used for automatic trading, cannot help it.