The Expert Advisor uses Parabolic SAR and three EMAs (with the periods of 10, 25 and 50).
The algorithm of trading strategy:
1. Open a H1 chart of EURUSD, lots 0,1.
2. Draw Parabolic SAR and three Exponential Moving Averages with periods 10, 25, 50.
A Buy signal: ЕMA with the period of 10 crosses ЕМА 25 and 50 from bottom upwards, while Parabolic SAR is below the price.
A Sell signal: ЕMA with the period of 10 crosses ЕМА 25 and 50 from top downwards, while Parabolic SAR is above the price.
1. By Stop Loss
2. By Take Profit
3. When the ЕМА 10 line turns the opposite direction (if we have a Buy position, close where the ЕМА10 top was formed, for Sell - where bottom is formed), with a minimum profit. The values of Stop Loss and Take Profit for buy and sell trades will be different.
Testing results on EURUSD, H1 from 2016.06.28 to 2016.12.16, initial deposit - $3000:
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/17210
Four trading strategies in one Expert Advisor.BigBarSound
The Expert Advisor plays sound alerts when candlestick size exceeds a certain value.