Automated Forex Trading Using Exponential Moving Average Method

Forex development is currently highly appealing to investors or traders because it gives convenience while also having the possibility for high returns. However, foreign exchange is not without flaws; the problem of floating loss is still one that traders fear, because traders frequently feel uncontrollable emotions, which create floating loss. To overcome the problem of floating loss, a stop loss is required at the beginning of each transaction in the forex market in order to manage traders and avoid floating loss. Researchers propose utilizing an Expert Advisor to stop loss. This strategy is designed to make trading easier for traders by providing momentum and indicators of more complex price patterns. Forex development is currently highly appealing to investors or traders because it gives convenience while also having the possibility for high returns. However, foreign exchange is not without flaws; the problem of floating loss is still one that traders fear, because traders frequently feel uncontrollable emotions, which create floating loss. To overcome the problem of floating loss, a stop loss is required at the beginning of each transaction in the forex market in order to manage traders and avoid floating loss. Researchers propose utilizing an Expert Advisor to stop loss. This strategy is designed to make trading easier for traders by providing momentum and indicators of more complex price patterns. According to this study, the Expert Advisor Model developed using the exponential moving average method has a sell order win rate of 81.16% and a buy order win rate of 70.87% with a total profit of 56.15 USD, while the comparison results of tests using real accounts and using expert advisors show that with an initial balance of 1000 USD, it gradually increased to the highest point gradually reaching 2,423 USD or around 243% only with a total of 64 position orders opened. In comparison, manual trading can need as many as 281 order positions to attain the best balance.