Create an EA based on EMA's and Fibs

Specifiche

I am looking for an MT5 bot for the following:

 Indicators used:

  EMA 10

  EMA 20

  MACD 12 26 9

  Fibonacci Levels – 0.76 / 0.61 / 0.5 / 0.38 / -0.27 / -0.61

 

1. We wait for Impulse (at least two candles of the same color in the same direction 30pips total move) on one hour chart;

2. When impulse happened and first candle of opposite color printed we switch to 15 min chart;

3. We put Fibonacci retracement on the impulse and wait until retracement goes back ant least to the area between 0.38 and 0.5; MACD and EMAs cut to the opposite direction;

4. When price retraced to our desired area and starts slowing down, EMAs cut to the dirrectionof the original impulse, MACD cut to the direction of the original impulse and got back to the previous area (if impulse Long – to positive area, if Short – negative area) , we enter the trade;

5. From this point we put our TP to -0.27 and SL 5pips above the highest level of retracement.

 


Invalidations:

1. After an opposite candle in the impulse, prints a candle in the direction of the impulse and is longer then the “opposite candle” - invalidated

2. If retracement didn’t get to 0.38 level - invalidated


3. If EMAs in the retracement didn’t come close or crossed opposite, but started in the direction of the impulse - invalidated


4. If MACD crossed over to the opposite level and stays there , even if the above conditions are met - no entry yet


if we get two candles in the same direction (both long or both short)and a minimum movement

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Pubblicati: 1 codice
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