I need to create an EA that will trade and also be able to send telegram signals
Name
of Strategy:
Mid MA
Required-
Bollinger Band- Will give more details on the values
Buy Setup
1
st Condition
Price
goes below Lower Band
2
nd Condition
Price
goes back into the band, after sometime
3
rd Condition
Price
is bullish, and a bullish bar closes above MA, but below the upper band. This is the buy signal candle, buy on the first tick of the next candle.
SL
and TP Rules
SL- Count
3 candlestick. The signal candle, and two candlesticks before it. The lowest low among these three candles will be our stop loss.
TP-
we will be taking two trades at a time. 1
st TP
will be same size as the SL, giving us a return of 1:1, while second TP will be double the SL, giving us a return of 1:2. Have this return ratio in
the external inputs.
Opposite for sell signals
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