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Moving Average Reversal EA
Does anyone know of, or can anyone make me a Moving Average EA that does the following:
I want it to sell if the 40 EMA and 60 SMA have just crossed below the 200 EMA and I want it to buy if the 40 EMA and 60 SMA have just crossed above the 200 EMA. Also, I want it to close and reverse the position if it's in a sell or a buy and the MA's cross the opposite direction. Meaning, if I'm in a sell, and the 40EMA and 60SMA cross above the 200EMA I want the EA to close the position, and put in a buy. If I'm in a sell, and the 40EMA and 60SMA cross below the 200EMA I want it close the position and sell. I would also need the EA to have a stop loss and take profit level. Plus I would like a variable like a trailing stop, so if a certain amount of pips are made, then the Stop Loss gets moved to the break even point to minimize losses. An auto lot size increment based on a percentage of the account balance would be helpful too. So, if anyone has something like this lying around I'd love to hear about it. ![]() |
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Yes, the MA is applied to close.
I've been using these MA's for awhile in my trading, I have visually backtested (Spreadsheet) this process, and it seems to do well. The system I've noticed in on the 5 min chart GBP/USD. Buy if 40EMA and 60SMA are crossed the 200EMA, and Sell if they are below 200EMA. Reverse Position if you are in a trade and it goes the other way. And one of the most important things I have found is if you are up 30 pips at any given time, move your SL to break even point. I noticed the universal MA Cross EA, and I'm going to see if I can adapt that to my process. My TP is on the next cross, so some are 30 pips and some are 200 pips... I like to limit my SL to 50, but if I can backtest using an EA I might be able to come up with a better number. |
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