Help with MA stop loss EA

Hi guys

I searched the forum for a very specific stop loss EA but can't seem to find anything. What I need is the following...

Exit trade if:

Price (or sma period 1, shift 0, close) moves above EMA (period 5, shift 3, close) when going short, and the reverse when going long.

The EA should apply this exit condition to all open trades and the moving averages should be based on the 1hr charts.

Most EAs I found include a mandatory entry condition...or simply don't include the "shift" element.

If anyone knows of an EA like this...pleeeeeease let me know

Thanks a TON for any help in advance...

This should do what you want. Use the latest version in post #26, but of course you need to test it thoroughly before using in a live account.

http://www.forexfactory.com/showthre...83#post4002983

Sweet, thanks a lot

Found this one a while ago. It's very smooth running, and has great error accounting. I've seen a couple versions of this on the net. I think the original was written by IgorAD.

Since it's price crossing an MA, you only need the EMA 5 with the 3 shift.

I've modified it so that those are your default settings.

The period, and shift are external variables, so you'll have no challenge changing them should you need to.

Thanks, gonna give this a go too

I manually enter trades based on THV/Pipware, but was looking for an exit strategy that allows me to let profits run. Did some backtesting, and the EMA 5 shift 3 seems to work fine, thanks!

Hope this works. I'm off for a 6mo SE trip, and I'm gonna try that "trade from your tablet at the beach" thing. Those EAs should free up some time