EA will not open trades: EMA 10 -50 cross w/ RSI
Had a little time on my hands this evening so I decided to code it for you manually, unfortunately it doesn't work well on backtests. :-(
You might notice I have takeProfitPips and stopLossPips in my variables, if you don't want to use those, simply set them to 0 and the EA will close the trade only when your conditions are met.
Cheers!
Files:
ktlamb84.mq4
4 kb
I uploaded the file to a file hosting site so that you can download it and test it out.
Can the mods please remove/delete this link after the attachment has been approved?
Cheers!
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Hi all,
I have been lurking the forums for sometime and trading forex for a year or two manually. I decided to dive in to automated strategies to take some emotion out of my trading. I have looked through years of chart data and believe to have a simple winner. The EA is based on the 10 EMA crossing above the 50 EMA when the RSI is >= 65 and closing when the 10 EMA crosses below the 15 EMA or when the 10 EMA crosses below the 50 EMA and when the RSI is <= 35 and closing when the 10 EMA crosses above the 15 EMA. Wrote the code using an EA builder but it wont place trades. Any help is greatly appreciated.
Thanks