3 rule trend following system

12/02/2021

Trend following strategy

The task is to create an Expert Advisor which will execute trades based on 3 rules and an adjustable stop loss/take profit.

The technical indicators used in the system are:

·       50 period exponential moving average

·       Stochastic (K:14, D:3, smoothing: 3)

·       Average True Range (L: 14, smoothing: 14)

The system is meant for to long or short, depending on the trading environment. To start, I only want an EA that longs the trade.

The rules of entry are:

·       Closing price <50 EMA

·       Stochastic <20

·       Closing stochastic > previous stochastic

The stop loss and take profits are:

·       Stop loss: ATR * 2.9

·       Take profit: ATR* 8  

The deliverable needs to be the source code in text file.