Cross and Exit conditions can also be configured to use (or not use) a trail. A third moving average can also be applied to use as a filter for the primary cross of the two lead moving averages. The default option does not employ the third moving average.The strategy offers a Time filter (default switched off), Money Management and crossover Alert.
Expert Properties Setup
Starting account is $10,000 with 0.1 Lots on a 15-minute timeframe. For the purpose of this test the recommended StopLoss and TakeProfit settings are employed.
No Optimization was used.
Comparative Test Period
These were three 12-month periods selected randomly for the period January 1st 2000 to January 1st 2010. The three test periods common across all tests were:
March 31 2000 - 2001
June 29th 2003 - 2004
May 17th 2001 - 2002
Comparative Results
The strategy did not excite, but a successful moving average strategy needs more than just default settings. Although the strategy outperformed against Forex Breakout System, it underperformed against leader, Forex MegaDroid.
The Cash-Equity curves highlight the gradual decay in the returns over time.
Although expectations are low, another set of 12-month periods were selected. These were:
November 1st 2006 - 2007
January 1st 2009 - 2010
November 25th 2007 - 2008
Random Results
Although the Strategy performed better, it still didn't approach the heights of other more profitable strategies.
The Cash-Equity curves were:
Conclusion
UniversalMACross is a free strategy which makes no claims but provides a large set of customisable options to help you tailor your strategy. While the default settings did not produce a meaningful result it still managed to out perform some of the commercial strategies out there. If you are a new to MetaTrader it's certainly a strategy which can be tinkered with ease.
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