All orders
Rules
Specification
Hi, here script for Exponential Moving Average crossover EA for the MT5 platform. I intend to use on 15M chart but I believe it can work for any time frame.
Here are the parameters:
EMA period:
First EMA: 21
Slow EMA: 55
Time Frame
This EA will be used on a 15M chart
Fixed Lot size
Default lot size: 0.005 (trader can adjust as desired)
Max orders
For every crossover take two trades.
The firs trade use Exit 1
The second trade uses Exit 2
Entry signal:
Open a trade when EMA crossover. (Please check the images herein attached.)
Exit signal:
We shall have two exit signals for a trader to choose from.
Exit 1- T/F (maximize profit)
Exit if the markets retrace and price touches the slow EMA (21 EMA). And wait for the next crossover to open a trade.
Exit 2- T/F (conservative)
Close trades on opposite moving average cross.
Trend Filter (200 SMA on H1) (T/F)
Use 200 SMA on H1 to filter the trend.
If the market is below the 200 SMA the EA should execute sell signals only (and ignore any buy signal).
The opposite applies for a bullish market.
SL & BE (T/F)
Use a stop loss of 25 pips and move it to break even when the market moves in your favor by 25 pips. (Make it external for trader to adjust SL to desired pips)
TSL (T/F)
Use a trailing stop loss of 20 pips (make it external for trader to adjust TSL to desired pips)
Daily Dollar SL (T/F)
Close all trades and wait for the next day if (closed trade loses+ floating losses= $100). Make it external for trader to adjust daily dollar SL as desired.
Daily Dollar TP (T/F)
Close all trades and wait for the next day if (closed profits+ floating profits= $100). Make it external for trader to adjust daily profits as desired.
What are your thoughts? And when can we have this ready?
