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Rules
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Specification
This simple EA will monitor 2 indicators , Indicator 1 Moving average (MA) settings Example period (8) , method (smoothed) apply to (low) Indicator 2 Average Directional Movement Index Wilder (ADX Wilder ) Example period 1 ,+DI (indicate Long/buy), -DI (indicate short /sell and when certain condition are met , it will place a trade either long (buy) or short (sell) only when the specific conditions are met.
Indicator 1
We want the EA to place a long (buy) trade when the candle crosses above and upward the moving average (position 8) and the price is close above. It will place a short (sell) when the candle is cross below and downward and the price is close below the Moving average (period 8).
Indicator 2
We also want the other indicator Average Directional Movement index Wilder (ADX Wilder) with a period Example (1). To help us determine the momentum and trend of the market. To achieve this we will only place a long/ buy trade when the +DI is moving in and upward direction. We will place a short/sell trade if the -DI is moving in and upward direction.
There will be no trade if both indicator conditions are not met.
Example of a confirm buy trade - if the candle cross upward and above the MA (8) and the Adx Wilder +DI is in an upward direction then a trade is confirm and a long /buy is entered .
Example of a confirm sell trade - if the candle cross downward and go below the MA(8) and ADX Wilder -DI is in a moving is in an upward direction then the trade is confirmed and a sell/short is entered.
In the description are the detail . the for both indicators , however i would like when the candle crosses the MA is confirm , the Adx wilder should confirm after the +DI or -DI after crossing example level (20) . +DI would confirm entry if candle is above MA and -DI would confirm and entry if candle cross below MA .
We will not trade if both conditions are not met.
We want to able to adjust the perimeter of the indicator (example levels) in addition to number of entries (up to 4); each entry should have its own individual stop loss, take profit and trailing stops.
We also want the EA to look for buy/ sell opportunities only when a new candle has been formed. And will only make entries when condition is met and we do not have any previous positions open. Position can only be close at take profit, stop loss or trailing stop loss.
Additional information will be provided once we commence the creation of this EA .
Other negotiations are available base on expert input and advise to make EA more accurate and profiting
Thank you