EA BASED ON THE 5, 15 AND 30 MINS CHART.
The Robot we discussed about i want it built with the following settings
5min (Chart) 15min( Chart) 30MINS (Chart)
EMA 8. EMA 8 EMA8
SMA 50. SMA 50 SMA 50
NOTE:THE ROBOT WILL BE LOOKING AT THESE THREE CHARTS AT THE SAME TIME IT IS ALSO TO WORK EXCLUSIVELY FOR THE MAJORS NO BITCOIN OR CRYPTO OF ANY KIND.
All trades are to be calculated either in positive or negative.
The trade must have a trailing stop loss whereby when the trade moves positive seven pips it moves to breakeven and when it moves ten pips it moves to 3 pips stop profit.
The trade is managed by the 5 mins chart but no decision is taken for a buy or a sell against the trend on the 15 AND 30 MINS CHART.
If a trade is opened and closed afterwards the market begins to move thereby making a cross in the 5mins chart as the one in the 15 and 30 mins chart a new trade is opened when the distance between the ema and sma going up or down is 0.5cm.
ENTRY FOR BUY
The Entry takes place on the 5mins chart but the trade must be in the trend of the the 15 mins and 30 mins chart. When the EMA IS ON TOP OF THE SMA when the chart is going up on the 30 and 15 minutes chart the robot is only looking for a BUY AND WILL BUY EVERYTIME THE EMA IS ABOVE THE SMA ON THE 5MINS CHART WHEN THE DISTANCE BETWEEN THE EMA AND SMA ON THE 5MINS CHART IS 0.5CM. TRADE IS CLOSED AT THE CROSS ON THE 5MINS CHART.
ENTRY FOR SELL
However, when the EMA IS BELOW THE SMA going down on the 5, 15 and 30 mins chart, the robot is only looking for a SELL. AND WILL SELL WHEN THE DISTANCE BETWEEN THE EMA AND SMA IS O.5CM ON THE 5MINS CHART. TRADE IS CLOSED AT THE CROSS ON THE 5MINS CHART. A STOP LOSS OF 15PIPS APPLIES TO EVERY TRADE. BUT IF THERE IS A CROSS THE TRADE IS CLOSED EITHER IN POSITIVE OR IN NEGATIVE.
ROBOT DOES NOT OPEN TWO POSITIONS ON THE SAME PAIR AT ONCE.