EA for midterm trading system

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makhan
8
makhan  

Hi all Experts out there,

I need EA for this mid term system,which uses H1 chart. Any help would be highly appreciated.

Use 1H chart

50 sma(red)

21 ema (green)

RSI 21

Long trade Rules;

Entry: after the double bottom when the trend reverses and price moves >= 30 pips above 50 ma, 50 ma is slanted upward or flat, the 21 ema crosses upward through 50 sma and the RSI is above 50, go long.

Stop loss: Use 50 pips trailing stop

Exit: When price stops upward movement, double top and bearish reverse bar and 21 ma penetrates down through 50 ma.

Short trade rules ;( opposite of the long trade)

Entry: after the double top when the trend reverses and the price moves >=30 pips below 50 ma, 21 ma crosses downward through 50 ma and RSI crosses below 50, go short

Stop loss: 50 pips trailing stop

Exit: when price stops downward movement, double bottom and bullish reverse bar and 21 ma penetrates above 50 ma

I would appreciate if more experienced traders, when EA is developed, test and make suggestion for its improvement.

Regards

makhan

Yuri Predborski
561
Yuri Predborski  
makhan:
Exit: When price stops upward movement, double top and bearish reverse bar and 21 ma penetrates down through 50 ma.

You think that will happen before 50 trailing stop is hit? You are a funny guy!!!

Next: how do you calculate a double top or double bottom? Using 50 sma or 21 ema? Just asking

Don't get me wrong though, I'm really interested in this. But lets move this here:

https://www.mql5.com/en/forum/177450

I'd love if all moving average + rsi, stoch, adx ect systems went into one thread.

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