EMA crossover with price pullback to EMA

1. Trading logic is 9 EMA crossover with 18 EMA then price pullback and price breaking high or low of previous price candle to enter sell or buy

2.  Figure 1 refers

Figure 1

a) Buy trade - 9 Ema crosses above 18 EMA - then price pulls back and after any number of candles as soon as the current price breaks the previous closed candles high a buy is triggered. 

the price break of the previous candle high must come after at least one down closed candle and there can be any number of up or down candles after this first one down candle before the price high is broken

the candle that breaks the high of the previous closed candle does not have to close higher - as long as it breaks the high of the previous candle

b) the stop loss is directly below the lowest EMA under the candle that the price's high was broken plus the the spread plus 5 pips

c) the take profit must be able to be set by the user as an input variable eg. 1xSL or 2xSL etc.

d) The candles can close below the 9 and 18 EMA and the point a) above can still occur for a buy as long as the EMA's haven't crossed down - refer figure2

e) if after a buy trade has been entered and the EMA 's crossed down after the first closed candle that caused the cross down the trade must be closed even if the stop loss has not been hit

figure 2

f) the Stop loss if figure 2 must be the distance in pips from the candle that had its high taken out to the 9 Ema plus 5 pips plus the spread in pips of the pair

g) Sell trade - the reverse of everything above

h) When a trade has been entered a trailing stop must be activited only for the condition where price has reached 1 x the SL distance - then the SL (stop loss) must move to break even.  NO further trailing will be required - either the trade hits the Take profit target or the breakeven SL

i) the lot size must be an input variable by the user

j) the EA must work on a 4 and 5 digit broker

k) pips can be rounded to nearest full pip no fractions of pips are required for TP and SL

l) the EA must work any time frame it is dragged onto

Terms and conditions

a) there must be no licence key for activiation for this EA - it must be open always

b) this trading method is called the floortraders method and was found in the public domain on the internet and is public knowledge that means the prgrammer can use it as they want but the source code of this EA will be free to share with anyone for always by the buyer and whomever the buyer gives it to

c) no claim to any profits may be made by the programmer of anyone who uses this EA, ever