Triple Moving Average EA MT5

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Introduction​

The Triple Moving Average EA MT5 is a well-known trading bot that uses a three moving average strategy. According to user reviews and ratings, the bot holds an average rating of 4.43 out of 5, indicating relative user satisfaction. However, it's crucial to note that as a member of EASY Trading Team, we have in-depth knowledge of our exclusive trading bots like EASY Trendopedia, EASY Scalperology, and EASY Breakopedia. In this review, we’ll make a comparison between the Triple Moving Average EA MT5 and one of our popular EASY bots to give a clear picture of both products.

Comparison with EASY bot​

Compare to the Triple Moving Average EA MT5, let's take EASY Trendopedia as an example, which employs a completely different trading strategy. Unlike the Triple Moving Average bot that relies on three different moving averages, EASY Trendopedia capitalizes on identifying trending markets, making it a superior choice in markets with a clear trend. This stark difference in approach inevitably leads to differing performance characteristics. User devins15 pointed out that the sets provided for the Triple Moving Average bot seemed unprofitable with a profit factor under 1.2. In contrast, EASY Trendopedia consistently performs well, offering a higher profit factor.

Pros and Cons​

Triple Moving Average EA MT5 Pros:

• Versatile across different market conditions.
• SL protection feature, ADR responsiveness, and high accuracy in trade entry and exit points.
• Adaptable to various forex pairs or metal instruments.

Triple Moving Average EA MT5 Cons:

• Potential profitability issue as highlighted by the user devins15.
• Requires effort to optimize.

EASY Trendopedia Pros:

• Performs well in trending markets.
• Highly profitable and reliable.

EASY Trendopedia Cons:

• Less effective in sideways markets.

Optimal Conditions for Use​

The Triple Moving Average EA MT5 performs best when there is a clear trend in the market, whether upwards or downwards. This is because it bases its strategy on three different moving averages.

Source Code of Triple Moving Average EA MT5​

While we don't have the exact source code of the Triple Moving Average EA MT5, we can design a similar pseudo-code based on the algorithm description provided on the MQL5 website. If you have any inquiries about this code, feel free to ask on easytradingforum.com.

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Download and Experience Triple Moving Average EA MT5​

Note that while we of the EASY Trading Team have provided a review and comparison, we do not sell the Triple Moving Average EA MT5 bot. We encourage our readers to try the bot and share their experiences on our forum. For detailed statistics about this bot, you can visit forexroboteasy.com.