Trade following EA using two indicators

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Tempo di esecuzione 8 giorni
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Specifiche

TREND FOLLOWING EA

Note to developers: 

PLEASE READ THIS DOCUMENT FULLY TO ENSURE THAT YOU UNDERSTAND THE WHOLE BRIEF.  PLEASE RESPOND ONLY IF YOU ARE CERTAIN THAT YOU CAN COMPLETE THE BRIEF.  PLEASE ALSO LOOK AT THE ACCOMPANYING SCREEN SHOTS WHICH ILLUSTRATE THE CONCEPT.


This is a very simple concept.


Based on just two indicators:  Supertrend and EMA.


The aim is to trade short term (M15 or M30) in the direction of the trend established by a slow EMA (maybe 50 period, maybe 100, maybe 200).
The shorter the time frame traded (say 15m), the more trades there are. So many, in fact, that we can be quite selective in the filters we use.


Values expressed here as [xxx] are variable settings to be included in the EA.


How it works:
Enter a buy trade when:
Supertrend [1.7, 10] crosses up, while
Long term [200] [ema] is rising (the absolute value of the EMA at the close of the current candle is higher than the value of the EMA at the close of the previous candle).


Enter a sell trade when:
Supertrend [1.7, 10] crosses down, while
Long term [200] [ema] is falling (the absolute value of the EMA at the close of the current candle is lower than the value of the EMA at the close of the previous candle).


Once trade is open, the value and direction of the EMA are ignored - the trade is managed by the Supertrend alone and the other trade management settings in the EA.


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