Specification
Custom order request
Hi,
you will use EMA 200, RSI, Parabolic SAR and ATR for this EA.
Rule #1 Only enter long pos if the price is above EMA.
For long entry, use Parabolic dots UNDER candlesticks and RSI is ABOVE the 50 line.
Rule #2 Only enter short pos if the price is under EMA.
For short entry, use Parabolic dots ABOVE candlesticks and RSI is UNDER the 50 line.
TP will be when ever Parabolic SAR shifts from above to under and under to above candlesticks, depending if its a long or short entry.
SL use ATR indicator set at 1.5 times the ATR value.
Here is a Youtube video explaining all: https://youtu.be/zqUC8dtPphI
Timeframe 5 minutes.
Metatrader 4.
Customizeble as much as posible.
Would be nice with a built in 4% drawdown stop based on my balance or equity (whichever is higher) on my FOREX trading account within a 24 hour period starting 5pm EST
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