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EMA Touch Entry EA
I am looking for an EA that enters trades on an EMA touch. Specifically:
- Buying: When the price touches the 10 EMA (Low) + X for buying.
- Selling: When the price touches the 10 EMA (High) - X for selling.
I will attach the EA to a specific pair and timeframe. For example, I attach the EA on 1-hour chart with the 10 EMA (Low) + X for buying. Then I will place two horizontal lines: one for stop loss and one for take profit. The EA should automatically pick these lines for stop loss and take profit levels respectively
A handy dashboard is required that updates me real-time with:
- The likely entry point
- The associated risk
- Risk-reward ratio
- Lot size information
- Other useful info
The EA should provide options for both fixed dollar amount risk and percentage risk.
After the entry is triggered, the EA should expire on that particular chart so no further entry, unless I reattach the EA freshly
Again Example:
For BUY:
- Condition: When the price touches the 10 EMA (Low) + X on the specified timeframe from above.
For SELL:
- Condition: When the price touches the 10 EMA (High) - X on the specified timeframe from below.
Note: X represents the ATR of the current timeframe. There should be an option to select the percentage of ATR. For example, if ATR is 100 pips and I select 5%, then X will be 5 pips.
I will be using this EA on different pairs and timeframes simultaneously so the EA should be capable of this.