EMA TRADING CONCEPT

MQL4 Experts

Job finished

Execution time 5 days
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Specification

EMA 50 AND EMA 100 STRATEGY

(combination of low risk and high risk)


Indicators Used:

EMA  50 CLOSE

EMA 100 CLOSE

-----------------------------

Buy Entry Rules :
-------------------

When EMA 50 > EMA 100, wait for
a price candle to touch EMA 100 either
from top to bottom or from bottom
to top , to enter a buy position

Stoploss when a price candle
opens below two moving averages
immediately exit buy positions at
candle open price

Repeat logic, whenever condition satisfies
for buy entry

More buy :
----------

step 1 :

when a price candle open,high,low 
and close above two moving averages, check 
candle high on that candle

step 2 :

that particular candle high to be broken on
closing bias in coming candles

step 3 :

before that, if a price candle touches any one
moving averages, the entry is to be treated
as invalid

step 4 :

follow step 1 again in next candle 

step 5 :

if the candle high broken in closing bias, we 
enter a buy in  a next candle open price

step 6 :

stoploss for this , when a price candle touches
any one of moving averages

step 7 :

re enter , again as per logic from step 1

--------------------------------------------------



Sell Entry Rules :
-------------------

When EMA 50 < EMA 100, wait for
a price candle to touch EMA 100 either
from top to bottom or from bottom
to top , to enter a sell position

Stoploss when a price candle
opens above  two moving averages
immediately exit sell positions at
candle open price

Repeat logic, whenever condition satisfies
for sell entry

More sell :
----------

step 1 :

when a price candle open,high,low 
and close below two moving averages, check 
candle low on that candle

step 2 :

that particular candle low to be broken on
closing bias in coming candles

step 3 :

before that, if a price candle touches any one
moving averages, the entry is to be treated
as invalid

step 4 :

follow step 1 again in next candle 

step 5 :

if the candle low broken in closing bias, we 
enter a sell in  a next candle open price

step 6 :

stoploss for this , when a price candle touches
any one of moving averages

step 7 :

re enter , again as per logic from step 1

--------------------------------------------------






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Project information

Budget
20 USD
For the developer
18 - 18 USD
Deadline
1 day(s)