Description

Triple EMA Trend Rider EA

Short Tagline: Ride the trend with triple-EMA precision.

Short Description:
Triple EMA Trend Rider is a fully automated trend-following Expert Advisor for MT4 and MT5. It aligns three exponential moving averages with an ATR-based volatility filter to catch sustained directional moves while sidestepping choppy, low-momentum conditions — all with built-in spread, session, and news filters for disciplined execution.

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Overview

Triple EMA Trend Rider is built around a classic, battle-tested concept: when a fast, medium, and slow EMA stack up in the same direction, the market is more likely to keep moving that way. This EA automates the entire detection, entry, and exit process, layering in spread control, session timing, ATR-based risk sizing, and optional news avoidance so it can run unattended on a live or demo account.

It is designed for traders who want a straightforward, transparent trend-following system without hidden black-box logic — every input is exposed and documented.

Features

• Triple EMA (fast/medium/slow) trend-alignment entry logic
• ATR-based dynamic stop-loss and take-profit calculation
• Spread filter to avoid trading during high-cost conditions
• Session filter (London / New York hour windows, fully configurable)
• Optional news-time avoidance window (before/after minutes configurable)
• One-trade-per-bar protection to prevent duplicate signals
• Daily equity tracking groundwork for risk oversight
• Verbose logging toggle for debugging and journaling
• Clean, single-file MQL4 and MQL5 implementations
• No martingale, no grid, no hidden recovery logic

Trading Strategy

The EA monitors three EMAs of increasing length on the active chart timeframe. A long setup requires the fast EMA to be above the medium EMA, which in turn is above the slow EMA (and the inverse for short setups), signaling clear directional alignment. Entries are confirmed once per new bar to avoid intrabar noise and repeated signals. Stop-loss and take-profit levels are derived from current ATR readings, so exits automatically adapt to the instrument’s live volatility rather than using fixed pip values.

Recommended Settings

• Timeframes: H1 or H4 (best balance of signal quality and trade frequency)
• Instruments: Major and minor Forex pairs with tight spreads
• Account type: ECN/Raw spread accounts preferred
• Minimum recommended balance: $500+ (adjust lot sizing to your risk tolerance)
• VPS: Recommended for 24/5 uptime and consistent execution

Supported Markets

• Forex (majors and minors)
• Metals (XAUUSD, XAGUSD) where broker spreads permit
• Any MT4/MT5 symbol with standard OHLC price feeds

Supported Brokers

Compatible with any regulated MT4 or MT5 broker offering standard order execution (market or instant execution). Works with ECN, STP, and standard account types. No broker-specific dependencies.

Installation Guide

1. Download the .ex4 (MT4) or .ex5 (MT5) file from your purchase delivery.
2. Open MetaTrader, go to File → Open Data Folder.
3. Copy the file into MQL4/Experts (MT4) or MQL5/Experts (MT5).
4. Restart MetaTrader or right-click Expert Advisors in the Navigator and select Refresh.
5. Drag the EA onto the chart of your chosen symbol and timeframe.
6. Enable Allow live trading (and Allow DLL imports if prompted) in the Common tab.
7. Adjust inputs to match your risk profile, then click OK.
8. Confirm AutoTrading is enabled in the toolbar.

Risk Disclaimer

Trading forex and CFDs carries a high level of risk and may not be suitable for all investors. Past performance, backtest results, and simulated outcomes are not indicative of future results. This EA does not guarantee profits. Always test thoroughly on a demo account before deploying real capital, and never risk funds you cannot afford to lose.

Version

v1.0.0

Support

Support is provided through the AlgoTim Marketplace messaging system. Please include your broker, symbol, timeframe, and EA version when reporting an issue.

Updates

Free updates are provided for bug fixes and compatibility improvements. Feature updates may be released as versioned upgrades.

FAQ

Q: Does this EA work on both MT4 and MT5?
A: Yes, separate optimized builds are provided for each platform.

Q: Can I run this on multiple pairs at once?
A: Yes, attach separate instances to separate chart/symbol combinations.

Q: Does it use martingale or grid recovery?
A: No. This is a pure signal-based trend strategy with ATR-based fixed risk per trade.

Q: What timeframe works best?
A: H1 and H4 are recommended for the cleanest trend signals, but the EA can run on any timeframe.

Q: Is a VPS required?
A: Not required, but strongly recommended for uninterrupted 24/5 operation.