1). Bollinger Bands
2). Simple Moving Average (8)
Long Entry :
Simple Moving Average crossing above middle bollinger band.
Long Exit : Simple Moving Average crossing below middle bollinger band.
Short Entry : Simple Moving Average crossing below middle bollinger band.
Short Exit : Simple Moving Average crossing above middle bollinger band.
this is the strategy anybody please design EA for this strategy and how to design template for this strategy.
Lot : 1
target pips : 30
stop loss : 25
trailing stop : 30
these are the specifications.
Did you know that the "middle band" is actually the SMA20? Well, it is.
So, your strategy is basically a crossing of SMA8 with SMA20.
You must come up with another exit stategy, because the SMA8 can move up & down crossing the SMA20 many times during one bar period. This will result in many consecutive open&close orders, thus resulting in losses.
What do you think? How should the EA exit?
I think that it will be better to add other indicators/filters to this strategy. There will be many whipsaws which will make the EA to open a bad trade.
Another problem is TP and TS. You said that TP=TS=30. What's the point of TS then?
can you attach an image, please?