Intersection of two iMA (MA).
From the author of the idea:
Users often ask to write a simple Expert Advisor.
The presented EA does not claim to be able to save the deposit from "blowing". Its task is to verify theories.
Here is one of them, hopefully, author of the idea will not mind:
Use two lines — WMA 8 and EMA 28.
When WMA crosses EMA from below — open upward position.
When WMA crosses EMA from above — open downward position.
Once the position is opened, set orders: Take Profit 50 points (from Open), Stop Loss 50 points (from Open + spread).
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/17056
The Exp_RSIOMA Expert Advisor based on the signals taken from the RSIOMA histogram.Fractal_Momentum_HTF
The Fractal_Momentum indicator with the timeframe selection option available in the input parameters.