An EA based on RSI, Fractals and EMA

MQL5 Experts

Job finished

Execution time 7 days
Feedback from customer
Sympa et compréhensible. Bonne dévelopeuse
Feedback from employee
Thank you

Specification

Tools:

  • RSI (14)
  • Fractals
  • Exponential moving average (EMA: 200,50,21)

Entry condition:

Buy:

  1. Price> EMA 21> EMA 50> EMA 200
  2. Bullish fractal (wait for the closing of the candle to be sure that the fractals do not repaint)
  3. RSI> 50.00

Sell:

  1. EMA 200> EMA 50> EMA 21> Price
  2. Bearish fractal ( wait for the closing of the candle to be sure that the fractals do not repaint)
  3. RSI <50.00

End of condition

TP: 100 points by default (but can be changed)

SL: the highest point (in Buy) of the candle with the fractals signal and the opposite for the sell

If the market is 50 points, a BE must be done, i.e. SL = 0, SL= entry price

Regardless of the leverage effect, the SL is $ 100 (But the latter can be changed)

The risk is minimum 1/2, ie if the SL exceeds 55 points do not enter the market.


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Project information

Budget
30 - 50 USD
VAT (24%): 7.2 - 12 USD
Total: 37.2 - 62 USD
For the developer
27 - 45 USD