Stochastic and 3 iMA1.6

EALegit summary — unaudited listing

This is a Forex expert advisor implementing a simple trend-following strategy based on three exponential moving averages (EMA 4, 13, 50) and a Stochastic oscillator. It is designed for the H1 timeframe, with default settings optimized for GBPUSD, requiring parameter adjustments for other pairs or timeframes. Buy entries occur when both EMA 4 and EMA 13 cross above EMA 50 (sells are the opposite), with a stop loss of 70 points by default or below EMA 50, whichever is greater. Exits are triggered by the Stochastic %D line crossing the specified level against the position, or by an EMA cross while the position is in profit; an option allows reversing trade direction.