Three Ducks EA

The three ducks is a forex trading strategy based on 3 simple moving averages. When all 3 moving averages are on the same side of the current price, you open a trade.

The purpose of this EA is to make it simpler to detect trading opportunities.

Here is how to use it.

Download the EA from MQL4.

Install in the Experts directory of your MT4 installation.

Drag it onto an M5 chart.

It will plot the H4 and H1 SMAs using gold and blue text.

The H4 SMA tells you the current trend. If the H4 SMA is above the current price, then the long-term trend is selling. If the H4 SMA is below the current price, then the long-term trend is buying.

The H1 SMA potentially confirms the H4 findings. If it is on the same side of the current price as the H4 SMA, then the trend is confirmed.

In the terminology of the inventor, you now have 2 ducks in a row. If these SMAs are both above the current price, then a potential SELL opportunity is near. If they are both below then a potential BUY opportunity is near.

If a potential BUY or SELL opportunity is near, then you use the M5 chart to decide your entry. What you do is you move from the current time backwards to the first candle that is above the SMA (for a buy opportunity) or below the SMA (for a sell opportunity).

In the picture below we see a SELL opportunity:

  • – the H4 and H1 SMA are both above the current price
  • – the current price has broken below the previous candle which was below