Use SMA to determine entry, TP and SL with options

Specification

1.        Buy on the first close above the 50 period simple moving average (unless this is steeply pointing downwards) Allow entry in input for period, method and apply to
2.       Exit following two closes below the 50 period simple moving average and when and to either of these closes is below the lower of the previous two significant relative lows. (What is relative low)
3.       Relative low is made when the bar to the left and right of it are higher than the bar with the lowest low
4.       Think of it like a hand pointing down where your middle finger is the lowest low and your index and ring fingers are higher than the middle finger.
5.       Take Profit and Stop Loss:- From where the second close below the moving average is made move left horizontally and see whether the last two previous lows were made above or below the second close below the moving average in case of the former you stay long if it is the latter and the Clause is below the last two relative flows then you exit the position.

6.       Opportunity to add to our position every time prices move below the moving average and then go back up and close above the moving average it gives us an opportunity to add to the position on the same lot size. 

7.       Reverse steps 1 to 6 for SELL order   

8.       Allow a buy to close before start of sell it may be more than the first candle closed as mentioned in step 1
9.       Add lot size multiplier for every last loss trade
10.     Add trade direction as buy and sell, buy only and sell only
11.     Allow to use another EA from same account but not 2 EA in a chart
12.     Allow timeframe entry in input

Files:

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SampleSMA.PNG
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