Specification

It’s a very basic MOMENTUM STRATEGY, which runs on a 2 min chart, with small risk of 15-20’pips.
  • 2 min Chart
  • 50 EMA indicator 
  • 20 pip trailing stop 
  • The reason for entry, is when the 50 EMA crosses the next PRICE LINE ( based on 5 pip increments).
  • In the photo example attached, the 50 EMA is dropping through the 12775, the 12770 the 12765 horizontal price levels....and so on.
  • Then, when price reverses enough, the 50 EMA reverses back UP through the 12770 price line for example, This often indicates a pretty strong reversal on the 2 min chart.
  • The conditions then for a ‘reason to enter’ is based solely on the 50 EMA crosses through predetermined price levels ( in this case the 5 pip increments). At this point the LONG position is closed.
  • Conversely, when the market shifts to the upside again, the SHORT position would be closed, as a new LONG opens.

Can this be done?
So it’s not so much trade long when above the 50 EMA, but more based on the price levels themselves and how the 50 EMA interacts with them.

It maybe requires a filter to avoid consolidation...but maybe limiting trading hours to high volume times.

Visual backtesting, I've been able to see that this strategy keeps you in trades much longer, and with only a small risk, so looks pretty profitable.

I appreciate any feedback- 
Thank you again.



Responded

1
Developer 1
Rating
(43)
Projects
89
66%
Arbitration
10
50% / 50%
Overdue
28
31%
Free
Published: 5 codes
2
Developer 2
Rating
(188)
Projects
212
58%
Arbitration
9
11% / 89%
Overdue
8
4%
Free
3
Developer 3
Rating
(1930)
Projects
3551
88%
Arbitration
73
40% / 15%
Overdue
268
8%
Free
4
Developer 4
Rating
(509)
Projects
977
74%
Arbitration
27
19% / 67%
Overdue
101
10%
Free
Published: 1 article, 6 codes
5
Developer 5
Rating
(94)
Projects
148
59%
Arbitration
16
38% / 13%
Overdue
25
17%
Free
Published: 1 code
6
Developer 6
Rating
(635)
Projects
856
48%
Arbitration
29
38% / 17%
Overdue
63
7%
Working
7
Developer 7
Rating
(206)
Projects
333
35%
Arbitration
66
12% / 58%
Overdue
87
26%
Free
8
Developer 8
Rating
(73)
Projects
132
52%
Arbitration
9
44% / 33%
Overdue
63
48%
Free
9
Developer 9
Rating
(618)
Projects
1428
59%
Arbitration
31
81% / 0%
Overdue
10
1%
Free
10
Developer 10
Rating
(46)
Projects
80
13%
Arbitration
11
0% / 91%
Overdue
51
64%
Free
11
Developer 11
Rating
(2654)
Projects
3371
68%
Arbitration
77
48% / 14%
Overdue
342
10%
Free
Published: 1 code
12
Developer 12
Rating
(5)
Projects
4
25%
Arbitration
2
0% / 100%
Overdue
1
25%
Free
13
Developer 13
Rating
(361)
Projects
644
26%
Arbitration
92
72% / 14%
Overdue
12
2%
Working
Published: 1 code
14
Developer 14
Rating
(69)
Projects
146
34%
Arbitration
13
8% / 62%
Overdue
26
18%
Free
Published: 6 codes
15
Developer 15
Rating
(6)
Projects
7
14%
Arbitration
0
Overdue
1
14%
Free
16
Developer 16
Rating
(574)
Projects
945
47%
Arbitration
309
58% / 27%
Overdue
125
13%
Free
17
Developer 17
Rating
(1)
Projects
1
0%
Arbitration
1
0% / 100%
Overdue
0
Free
18
Developer 18
Rating
Projects
0
0%
Arbitration
0
Overdue
0
Free
Similar orders
Technical Specifications: "Dawn Range Breakout" Expert Advisor (Final Version) 1. Overview The purpose of this EA is to capture the breakout of a specific hourly range on Gold (XAUUSD) or any other pair, with a focus on high-precision entry, strict risk management (1 trade per day), and partial profit taking. 2. Core Trading Logic Timeframe: M15. Reference Hour: The EA must identify the High and Low of the H1 candle
I need an Expert Advisor based on SK indicator for gold trading. Entry: - Open trade immediately when SK signal appears Stop Loss: - Fixed stop loss = $200 per trade Take Profit: - TP1: close 50% of the position - TP2: final target Lot Size: - Fixed lot = 0.02 Pair: - XAUUSD only Timeframe: - M15 Rules: - Only one trade per signal - No duplicate trades - Move stop loss to breakeven after TP1 Requirements: - The EA
Manly 30 - 200 USD
ZigZag based on oscillators is needed The idea of ​​the indicator Create a ZigZag indicator, which is constructed based on extreme values determined using oscillators. It can use any classical normalized oscillator, which has overbought and oversold zones. The algorithm should first be executed with the WPR indicator, then similarly add the possibility to draw a zigzag using the following indicators: CCI Chaikin RSI
AI Trading Bot 30 - 80 USD
Essential Components for Indicator Specification Objective & Overview: Briefly describe what the indicator calculates (e.g., trend, momentum, volatility) and its main purpose. Input Parameters (Variables): List all user-definable inputs (e.g., Moving Average periods, ATR multiplier) to avoid hardcoding values. Detailed Logic/Calculation Rules: Explain the formula or logic to calculate indicator values. Define
The basic idea of CRO is to simulate coral colonies that develop and compete for space on a reef, ultimately forming an optimal structure. Each coral in the reef represents a potential solution to the optimization problem under consideration. The reef is modeled as a two-dimensional N×M grid. Each grid cell can either be occupied by a coral or left empty. A coral is a coded solution to an optimization problem. For
Hi, I hope you’re doing great. I’d like to share the project details. The original EA is already working, but I need you to first review and verify that all existing features are functioning correctly. After confirming everything works properly, the next task is to add a simple user dashboard that shows the number of detected zones, buy/sell/none status, and includes an ON/OFF button. Also, please make sure that
looking for Expert to create or ready made solution for bonus hedge auto set cross trading of opposite trading strategy. the expert may guide what max and best he can do to make the EA perfect
Set specific time to run this function(order). The time can be hard-coded or inputted by user. Time format: HH:MM:SS:ss Example: 17:58:48:59 -> This means an order will be triggered at 5 pm 58min 48sec 59 today. Set “Stop loss” and order a Sell stop. “At price” triggered automatically: current(specific time set above 1) Gold price - 2$ Stop loss: current Gold price + 2$ Volume: 0.1 (It can be hard-coded or inputted
Simplebot 30+ USD
#include <Trade/Trade.mqh> CTrade trade; input double LotSize = 0.1; input int FastMA = 10; input int SlowMA = 20; int fastHandle, slowHandle; // Initialize indicators int OnInit() { fastHandle = iMA(_Symbol, PERIOD_CURRENT, FastMA, 0, MODE_SMA, PRICE_CLOSE); slowHandle = iMA(_Symbol, PERIOD_CURRENT, SlowMA, 0, MODE_SMA, PRICE_CLOSE); return(INIT_SUCCEEDED); } void OnTick() { double fastMA[2]; double
In need of an automated bot that strongly detect support and resistance zones where price has a high probability of reacting ,rejecting or reversing. The zones should be built on combibation of of : (a)swing high and swing low.(b)repeated price reaction c)rejection strength (d)break and retest behaviour (e) consolidation origin before implusive move (f) strong displacement candles

Project information

Budget
50 - 200 USD