Specification
1. The idea of the trading system is as follows: market entries are performed when the open price of a current candle crosses below or above the Simple Moving Average 8.
2. Trading Signals:
- Buy signal: price on bar open crosses above the SMA(8) line upwards (price_current>SMA(8)_current.)
- Sell signal: price on bar open crosses below the SMA(8) line downwards (price_current<SMA(8)_current.)
3. Positions are closed at the close of current bar:
4. Positions are opened at the market price, when a new bar emerges. The Expert Advisor is to be tested using Open prices, so there is no need to add functions for disabling operations inside the bar.
8. Close by Bar Close; Take Profit and Stop Loss — during position opening, a Take Profit/StopLoss is set at a fixed bar value. The value is set in the InpTakeProfit and inpStopLoss input parameter.
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Project information
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