About the 3 Moving Averages & Price Pattern Expert Advisor
The 3 Moving Averages Price pattern Metatrader 4 Forex Robot is an automated trading software that utilizes three moving averages and price patterns for triggering buy and sell market alerts on autopilot.
The moving average is one of the most popular forex trading indicators!
Interestingly, the forex trading robot features an interesting optimization parameter that allows it to automatically adjust lot sizes.
The expert advisor works best on the 1-hour, 4-hour, and daily time frames.
The EA trades with the price of open candles.
In a bid to increase your winning odds when deploying the 3 Moving Averages Price Pattern robot, users should play around with the EA’s input variable values.
Free Download
Download the “Aouto Adjusting EA.mq4” MT4 robot
Key Features
Triple EMA Trend Filter
Uses three exponential moving averages to confirm direction — only takes trades in the direction of the aligned EMAs to avoid chop.
Price Pattern Confirmation
Scans for simple price patterns (swing highs/lows and breakouts) to add precision to entries and reduce false signals.
Adaptive Stop & Target
Risk is managed with ATR-based stop loss and dynamic take-profit that adapts to current market volatility.
Session Filter
Trade only during selected sessions (e.g., London + New York overlap) to increase probability and reduce overnight risk.
Break-Even & Trailing
Automatic break-even and trailing stop options lock profits and allow winners to run without manual intervention.
Strategy Tester Report
Find below the 3 Moving Averages Price Pattern forex robot strategy tester report for the EUR/USD forex pair on the 4-hour chart.
Key Performance
Over a representative 12-month sample with default settings, the EA demonstrated stable growth, a reasonable win rate, and controlled maximum drawdown when tested on H1 and H4 timeframes using realistic spreads.
The EA made a total profit of $1488.15 from a total of 65 trades.
The largest winning trade generated $552.68 in profits, while the largest losing trade generated a loss of $224.69.
Statistics:
Bars in test: 4135 ticks modelled
Initial deposit: $10000.00
Total net profit: $1488.15
Total trades: 65
Largest profit trade: $552.68
Largest loss trade: -$224.69
Consecutive wins: 4
Consecutive losses: 1
How the EA Works
- Wait for the three EMAs to align in a clear trend (fast above mid above slow for bullish, reverse for bearish).
- Identify a valid price pattern or breakout that confirms momentum in the EMA direction.
- Enter a position with an ATR-based stop loss and a dynamically calculated take profit.
- Move stop to break-even after specified profit in pips and apply trailing stop to protect gains.
- Respect session and spread filters; skip trades when market conditions are unfavorable.
Download Now
Download the “Aouto Adjusting EA.ex4” Metatrader 4 robot
Parameters & Settings
- FastEMA — period for the fastest EMA
- MidEMA — period for the middle EMA
- SlowEMA — period for the slow EMA
- ATRPeriod & ATRMultiplier — controls stop loss distance
- LotMode — fixed lot/risk percent
- SessionStart / SessionEnd — trade allowed times
- MaxSpread — maximum spread allowed to open trades
Recommended Trading Setup
- Pairs: EURUSD, GBPUSD, USDJPY — majors with low spreads.
- Timeframes: H1 and H4 for a balance between signal frequency and reliability.
- Account Type: ECN or low-spread account; use realistic slippage settings during backtest.
- Leverage/Risk: Keep single-trade risk between 0.5%–2% of equity, depending on portfolio tolerance.
FAQ
Is the EA suitable for small accounts?
Yes — but adjust lot sizing to risk-per-trade; use conservative risk settings for small balances.
Can I run multiple pairs on one account?
Yes — the EA supports multi-chart operation; monitor overall exposure and cumulative risk.
Do I need to tweak parameters for my broker?
Minor tweaks (spread limit, slippage, ATR multiplier) are recommended to match your broker environment.
Does it work in ranging markets?
The EA is optimized for trending conditions; use session filters and EMA alignment to reduce range trading.
Summary
The 3 Moving Averages & Price Pattern EA is a trend-focused MetaTrader 4 robot designed for traders who want clarity and automation.
It combines EMA alignment with price pattern confirmation to deliver precise trade entries.
With ATR-based stops, adaptive take profit, and built-in trade management, the EA helps balance risk and reward.
Session filters and trailing features further protect capital and capture market momentum.
This EA is easy to test and tweak. Traders can adjust EMA settings, risk levels, and filters to fit their own broker environment and trading style.
Download the free package, run backtests with the included presets, and fine-tune the parameters for your chosen pairs and timeframes to maximize results.
