Specification

I will need an EA for trend trading using 200 Day MA as trend indication and the 20 and 50 Day EMA as entry and exit indicators. For both short and long setups trailing stop of 40pips should be started after profit as reached 60pips. Stop loss be based on each set up as listed below.

For Short Setup

      If 200 MA is pointing lower and price is below it then it’s a downtrend. confirmation of trend will use MACD(5,15,7) being below zero line, RSI(15) being below 50 and stochastic(20,10,10) cross over to the downside

      If it’s a downtrend wait for “two test” at the dynamic resistance using 20 & 50 MA

      If price test dynamic resistance twice then go short on the third test after candle closes

      If short then place a stop loss 10pips above swing high

      If price goes in favour then I take profits when candle closes beyond 50 MA or reaches trailing stop of 40 pips

For Long Setup

      If 200 MA is pointing higher and price is above it then it’s in an uptrend. confirmation of trend will use MACD(5,15,7) being above zero line, RSI(15) crossing above 50 and stochastic(20,10,10) cross over to the upside.

      If it’s an uptrend wait for “two test” of dynamic support using 20 & 50 MA

      If price test dynamic resistance twice then go long on third test after candle closes

      If long then place stop loss 10 pips below swing low

      If price goes in favour then I take profits when candle closes below 50 MA or reaches trailing stop of 40pips



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Project information

Budget
30 - 170 USD
Deadline
from 0 to 15 day(s)