Hello,
My name is Catalin, and i’m from Romania.
I am using a system that is based on EMA’s, and, since i get very good results with it, i was wondering if someone could create an EA.
The system was not created by me; i took it from another site, and the system rules will be „copy/pasted” here, so that who creates the EA to know what the system should do.
If someone creates an EA for this system, i would like it to run with TP, rather than the change of the EMA’s position.
Thanks a lot, here is the system.
Trading strategy setup:
Time frame: 1 day, 1 hour or 30 min.
Currency pair: any.
Indicators:
80 EMA
21 EMA
13 EMA
5 EMA
3 EMA
RSI (21)
Trading rules:
80 EMA suggests major trend direction.
When market trades above 80 EMA – uptrend, opposite for downtrend.
21 EMA and 13 EMA give a current trend direction.
While 13 EMA stays above 21 EMA – uptrend, opposite for downtrend.
RSI (21) above 50 mark suggests an uptrend, below – downtrend.
Entries are made on a cross of 3 and 5 EMA in the direction of a trend:
Buy when 3 EMA crosses 5 EMA upward in an uptrend market AND both 3 and 5 EMA cross a channel of 13 and 21 EMA AND RSI is above 50, and price is above 80 EMA.
Entry with Sell order when 3 EMA crosses 5 EMA downward in a downtrend market AND both 3 and 5 EMA cross the 13 and 21 EMA AND RSI is below 50, and price is below 80 EMA.
Note that additional entries are possible when 3 and 5 EMA cross back and then shortly after make a signaling cross again.
Note, that when we get the signal to enter we always wait for the current price bar to close and only then (if conditions nave not changed) - open a position.
Exit rules: TP 5 pip, SL- according to needs
P.S. For more conservative trading take positions that do not contradict with 80 EMA's trend suggestion.
Thanks a lot, again!
Catalin
My name is Catalin, and i’m from Romania.
I am using a system that is based on EMA’s, and, since i get very good results with it, i was wondering if someone could create an EA.
The system was not created by me; i took it from another site, and the system rules will be „copy/pasted” here, so that who creates the EA to know what the system should do.
If someone creates an EA for this system, i would like it to run with TP, rather than the change of the EMA’s position.
Thanks a lot, here is the system.
Trading strategy setup:
Time frame: 1 day, 1 hour or 30 min.
Currency pair: any.
Indicators:
80 EMA
21 EMA
13 EMA
5 EMA
3 EMA
RSI (21)
Trading rules:
80 EMA suggests major trend direction.
When market trades above 80 EMA – uptrend, opposite for downtrend.
21 EMA and 13 EMA give a current trend direction.
While 13 EMA stays above 21 EMA – uptrend, opposite for downtrend.
RSI (21) above 50 mark suggests an uptrend, below – downtrend.
Entries are made on a cross of 3 and 5 EMA in the direction of a trend:
Buy when 3 EMA crosses 5 EMA upward in an uptrend market AND both 3 and 5 EMA cross a channel of 13 and 21 EMA AND RSI is above 50, and price is above 80 EMA.
Entry with Sell order when 3 EMA crosses 5 EMA downward in a downtrend market AND both 3 and 5 EMA cross the 13 and 21 EMA AND RSI is below 50, and price is below 80 EMA.
Note that additional entries are possible when 3 and 5 EMA cross back and then shortly after make a signaling cross again.
Note, that when we get the signal to enter we always wait for the current price bar to close and only then (if conditions nave not changed) - open a position.
Exit rules: TP 5 pip, SL- according to needs
P.S. For more conservative trading take positions that do not contradict with 80 EMA's trend suggestion.
Thanks a lot, again!
Catalin
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