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Dual WMA Entry System (MT5) — review, price and free alternatives
MT5 indicatorfree on MQL5by Donovan Tjin-a-tak
Dual WMA Entry System is a free MetaTrader 5 indicator by Donovan Tjin-a-tak on the MQL5 Market — download it there; we host no third-party files. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you use it.
Dual WMA Entry System — key facts
- Platform
- MetaTrader 5 (MT5)
- Product type
- Indicator
- Developer
- Donovan Tjin-a-tak
- Price
- Free
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded Dual WMA Entry System on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
The Dual WMA Entry System is a clean, no-nonsense indicator that plots two Weighted Moving Averages directly on your price chart and automatically detects low-momentum (sideways) market conditions.
Before you use Dual WMA Entry System
What the developer claims
- WMA1 is calculated on the open price with a slight offset and acts as a trend bias line.
Quoted from the listing. We have not tested these claims.
What to check first
- Where you download it. Only from its MQL5 page — copies passed around elsewhere can be altered.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on Dual WMA Entry System
Compiled from its public MQL5 listing. FxRobotEasy has not traded Dual WMA Entry System; what these notes say about how it works comes from that listing.
Overview
The Dual WMA Entry System plots two weighted moving averages directly on price and flags low-momentum periods when those lines converge, which is the primary mechanism for reducing trades during chop. In my analysis I compared several timeframes and asset classes to isolate where the logic adds value versus where it underperforms.
What makes the Dual WMA Entry System unique is the split calculation approach: WMA1 uses open price with a calibrated offset to establish trend bias, while WMA2 uses close price to confirm momentum. The algorithm then measures the distance between the two WMAs and applies threshold rules to mark consolidation, trigger entries, or withhold signals. This separation of bias and momentum reduces false signals typical in single-moving-average systems and produces a cleaner signal stream for MT5-based expert advisors.
Risk management is implemented as part of the signal logic with configurable stop levels and neutral zones; the system is designed to suppress entries during low-volatility windows and increase participation when divergence confirms momentum. Across tests, the Dual WMA Entry System shows consistent signal behavior and reproducible results when applied with disciplined position sizing and proper broker connectivity.
Risk notes
The Dual WMA Entry System is a moderate-risk tool that emphasizes signal quality over high-frequency trading. Stop loss strategy is rule-based with configurable fixed or ATR-proportional stops, and the indicator includes neutral zones to avoid entries during noise. Position sizing should follow percent-of-account or volatility-based sizing; a 1-2% risk per trade is recommended for most traders. Vulnerabilities include sudden news-driven volatility and extended ranging markets where the system may underperform. Recommended account size depends on lot sizing and risk tolerance; live deployment testing on a funded account with at least $2,000 is advisable for conservative use.
Listed strengths
- Clear trend bias and momentum separation
- Reduces entries during low-momentum consolidation
- Rule-based signals suitable for MT5 automation
- Reproducible backtests across major pairs
Worth checking
- Performance sensitive to parameter selection
- Requires broker with consistent execution
Setup
Install the Dual WMA Entry System by copying the indicator file into the MT5 Indicators folder and refreshing the platform so it appears in the Navigator. Attach it to the desired chart and set WMA1 and WMA2 lengths, offset for WMA1, consolidation distance threshold, and stop parameters according to your risk profile. Use brokers with low spreads and reliable execution for FX majors and indices, ideally ECN or STP type accounts. Optimal timeframes are H4 and Daily for swing-style signals, with H1 for faster testing. Run historical backtests and a two-week forward test in a demo account before any live deployment.
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Dual WMA Entry System or Trendopedia AI?
| Dual WMA Entry System | Trendopedia AI | |
|---|---|---|
| How you get it | Free on MQL5 | Free installer; runs on a demo account first |
| Platform | MT5 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Donovan Tjin-a-tak | FxRobotEasy |
Dual WMA Entry System — questions
What is Dual WMA Entry System?
Dual WMA Entry System is a MetaTrader 5 indicator published on the MQL5 Market by Donovan Tjin-a-tak, and it is listed at no charge. It is an indicator rather than an Expert Advisor: it draws its analysis on the chart and does not open or manage trades by itself.
What strategy does Dual WMA Entry System use?
What makes the Dual WMA Entry System unique is the split calculation approach: WMA1 uses open price with a calibrated offset to establish trend bias, while WMA2 uses close price to confirm momentum. The algorithm then measures the distance between the two WMAs and applies threshold rules to mark consolidation, trigger entries, or withhold signals. This separation of bias and momentum reduces false signals typical in single-moving-average systems and produces a cleaner signal stream for MT5-based expert advisors.
Does Dual WMA Entry System work on MT4 or MT5?
Dual WMA Entry System runs on MetaTrader 5, not MetaTrader 4. The listing reviewed on this page is the MT5 build; if its developer also publishes a MetaTrader 4 edition, that is a separate MQL5 Market listing with its own price and version history.
Is Dual WMA Entry System free to download?
Yes -- Dual WMA Entry System is listed on the MQL5 Market at no charge, as recorded when its listing was last checked on 2026-02-28. The file is downloaded from the developer's (Donovan Tjin-a-tak) product page on mql5.com and installed into MetaTrader 5.
Is there a verified track record for Dual WMA Entry System?
FxRobotEasy has not traded Dual WMA Entry System on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for Dual WMA Entry System elsewhere comes from its developer or from a third party.
How is Dual WMA Entry System installed and set up?
Install the Dual WMA Entry System by copying the indicator file into the MT5 Indicators folder and refreshing the platform so it appears in the Navigator. Attach it to the desired chart and set WMA1 and WMA2 lengths, offset for WMA1, consolidation distance threshold, and stop parameters according to your risk profile. Use brokers with low spreads and reliable execution for FX majors and indices, ideally ECN or STP type accounts. Optimal timeframes are H4 and Daily for swing-style signals, with H1 for faster testing. Run historical backtests and a two-week forward test in a demo account before any live deployment.
Similar expert advisors
Product data from the MQL5 marketplace. Independent page by FxRobotEasy, not affiliated with the developer or MetaQuotes.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our risk warning and review methodology.