Dear Coder,
Good morning
Please I need a EA that trade base on the EMA 5 , 13 , 34
Buy Parameter:
1) OPEN a buy trade ONLY when last closing price > 34 EMA and 5 EMA cross above 13 EMA
2) EXIT buy trade if the 5 EMA cross below 13 EMA ..... but price still above 34 EMA
3) BUY can be re-opened if the 5 EMA cross above 13 EMA again as long as last close > 34 EMA
SELL Parameters
1) SELL only when last close < 34 EMA and 5 EMA cross below 13 EMA
2) EXIT sell if the 5 EMA cross above 13 EMA
3) SELL can be re-opened if 5 EMA cross below 13 EMA again, while the last close < 34 EMA
MONEY/TRADE Mgt
1) Use risk exposure of 2% of equity to open trade.
2) Stop to open New position if total trade exposure is >10% of equity
2) Take 50% of profit when trade is 30 Pip in profit.
3) Take 1/2 profit at another 50 pips from entering.
NB : EA does not specific TP or SL . The 5/13/34 is the heartbeat of the EA.
Thanks
Good morning
Please I need a EA that trade base on the EMA 5 , 13 , 34
Buy Parameter:
1) OPEN a buy trade ONLY when last closing price > 34 EMA and 5 EMA cross above 13 EMA
2) EXIT buy trade if the 5 EMA cross below 13 EMA ..... but price still above 34 EMA
3) BUY can be re-opened if the 5 EMA cross above 13 EMA again as long as last close > 34 EMA
SELL Parameters
1) SELL only when last close < 34 EMA and 5 EMA cross below 13 EMA
2) EXIT sell if the 5 EMA cross above 13 EMA
3) SELL can be re-opened if 5 EMA cross below 13 EMA again, while the last close < 34 EMA
MONEY/TRADE Mgt
1) Use risk exposure of 2% of equity to open trade.
2) Stop to open New position if total trade exposure is >10% of equity
2) Take 50% of profit when trade is 30 Pip in profit.
3) Take 1/2 profit at another 50 pips from entering.
NB : EA does not specific TP or SL . The 5/13/34 is the heartbeat of the EA.
Thanks