Camelback strategy revisited EA

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Good evening everyone, I would like to create an EA based on the revisiting of a strategy called Joe Ross's Camelback.

Everything is measured in pips.


Indicator inputs:

- Ema = number (starting with 15)

- SMA 1 = number (starting with 40 - set on HIGH)

- SMA 2 = number (starting with 40 - set on LOW)

- Max Distance between SMA 1 and price for LONGS = number (starting with 5)

- Max Distance between SMA 2 and price for SHORTS = number (starting with 5)

- Max ticks to open a trade = number (starting with 3)


Strategy:

Long Setup

  • Price is above the 40-period moving average of bar highs
  • Slope of 15-period exponential moving average is not flat or negative
  • Wait for a candle with a lower low (signal bar)
  • When the price exceeds the maximum of the signal bar in the next 3 candles (or by the number set in the settings)
  • Recheck if Price is above the 40-period moving average of bar highs
  • Distance is less than Max Distance of SMA 1
  • Open the trade
Short Setup

  • Price is below the 40-period moving average of bar lows
  • Slope of 15-period exponential moving average is not flat or positive
  • Wait for a candle with a higher high (signal bar)
  • when the price drops below the minimum of the signal bar, in the next 3 candles (or by the number set in the settings)
  • Distance is less than Max Distance of SMA 2
  • Open the trade


Other EA Settings:


- Magic Number = 070184

- Use Additional Entries = True / False

- Risk of Balance or Fixed Lot = Risk % / Fixed 

- Lot size or Risk % = number (starting with .01)

- Reverse Signals = True / False

- Use Fixed Take Profit = True / False

- Take Profit = number (starting with 1 tick)

- Use Stop Loss = True / False

- Fix Stop Loss = number (starting with 1 tick)

- Dynamic Stop loss = True / False

- Use Trailing Stop = True / False

- Trailing Stop = number (starting with 1 tick)

- Use Break Even = True / False

- Break Even = number (starting with 1 tick)


Dynamic Stop loss is settled on the high on the signal bar for short, and on the bottom of the candle on the signal bar for longs.



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