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Use of 2 Indicators MA and Envelopes with 4 settings:
1x MA 200 SMA; close price
1x MA 20 SMA; close price
1x Envelopes 20 simple; close price; 0,2 derivation
1x Envelopes 20 simple; close
price; 0,4 derivation
Entry rules
1:
Price must below 200 SMA (for a sell order)
2: Wait that the retracement touches the upper Envelope 0,20 derivation line (for sell order)
The candle must close above the Envelope 20; simple; close; 0,20 derivation line (for sell order)
Risk settings
1: Enter 3 Positions - all with the same Stop Loss (SL) but different Take Profit (TP)
·
Position 1 TP:
Is set at the MA 20 SMA; close price line (for sell order)
·
Position 2 TP:
Is set on the lower Envelope 20; simple; close; 0,20 derivation line (for sell order)
·
Position 3 TP:
Is set on the lower Envelope 20; simple; close; 0,40 derivation line (for sell order)
Risk setting for position 1 is 4/7
Risk
setting for position 2 is 2/7
Risk setting for position 3 is 1/7
of total risk.
2: Stop loss is for all positions the upper Envelope
20; simple; close; 0,40 derivation line (for sell Order)
If TP and SL is set - it is set. The TP and SL are not dynamic.
The EA should trade also the same position as described above
vice versa for buy.
It
should be possible to add in future (for a better performance) some more indicators easily
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