EMAs & DPO CROSSING STRATEGY EA

- SELL TRADE : 12 Period EMA crosses the 40 period EMA from the top & 2 or more red candles on DPO hist. in the trade direction (bigger candles under DPO 0 level or smaller candles above DPO 0 level)

INPUTS & FEATURES

• MA_1 (default = 12) — the period for the first moving average.

• MA_2 (default = 40) — the period for the second moving average.

• MA_Method (default = MODE_EMA) — the method of moving average calculation.

• MinDiff (default = 1) — the minimum difference between the MAs for a crossover to count.

• DPO Period (default = 21) - the period of the Untrend Price DPO indicator

• StopLoss (default = 0) — the stop-loss distance in pips. Set to zero to disable.

• TakeProfit (default = 0) — the take-profit distance in pips. Set to zero to disable.

• TrailingStop (default = 0) — the trailing stop value in pips. Set to zero to disable.

• Lots (default = 0.1) — the volume for trades. 

• Direction (default = Both) — the direction of the position opened to trade. Can be of the following 3 types:

• Buy — a buy position.

• Sell — a sell position.

• Both — both buy and sell positions.

• Reverse Mode — Set trade at the opposite direction

• Limit Trading Hours (default = Yes) — activate trading hours or not

• Trading Start Hours (default = 6) — from 0 to 24 Broker time

• Trading End Hours (default = 20) — from 0 to 24 Broker time

• Equity Profit Target — Equity maximum to stop the EA

• Equity Protection — Equity limit to stop the EA

• Magic Number (default = 97191)

• Slippage (default = 5)

• Max Spread (default = 100)

EXPECTED PERFORMANCE

The expected operation in a buy trade is as follows.

• When a candle closing : 

1. If closing time is within trading days/hours, then next.

2. If 12 Period EMA crosses the 40 period EMA from the bottom, then next.

3. If 2 or more green candles are on DPO and going in the trade direction (buy), then place trade.

1. TP & SL = User inputs in EA settings

4. If no 2 or more green candles are on DPO and going in the trade direction (buy), then End.

Nota : The procedure for SELL trades is the reverse of that for BUY trades.

COMMENTS

Extra confluence : crossing of DPO value (from negative to positive after crossing of EMAs).

Strategy can be applied on every timeframes

Based on : https://youtu.be/npABM6cwV70 

Revisions can be requested to add features or changes in case of improvements/evolutions.