Hi
I been looking for an EA that can follow this system. But so far
without any success. So let me explain how it works and it sure
works very well.
Pair: GBPUSD
Time: H1
EMA: 7
EMA: 14
SELL:
7 moves below 14. No wait for at least 1 candlestick to be below the cross
where high low price is clear of the EMA's. Can't touch. Upon next retrace,
and price at least break any of the EMA with 1 pip. We enter short.
The filter here is the clear candlestick. Stop Loss is 100 pips and take
profit is 100 pips. BUT when 50 pips has been gained move stop loss to
break even (Entry price). Or activate trailing SL 25 pips.
Buy:
7 moves above 14. No wait for at least 1 candlestick to be above the cross
where high low price is clear of the EMA's. Can't touch. Upon next retrace and price at least break any of the EMA with 1 pip. We enter long.
The filter here is the clear candlestick. Stop Loss is 100 pips and take
profit is 100 pips. BUT when 50 pips has been gained move stop loss to
break even (Entry price). Or activate trailing SL 25 pips.
When EMA whipsaw there is normally no clear candle. A filter
who with x pips between EMA lines would be good as well. But
is not required.
Is there any EA available like this or can anyone code it?
Thanks,
Daniel