Average E.A.Based on EMA Cross Over
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(This strategy strictly to be done in 5min Chart only)
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Indicators Used:
EMA 1 : 50 CLOSE
EMA 2 : 100 CLOSE
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Input parameters in expert advisor by trader:
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Enter 1st stage Input qty : 0.02 lot
Enter Lot multiplier : 1.2 (user choice can put any value here)
Sample Illustration : If a client put as 1.2
(** Every stage it has to multiply by 1.2 with previously taken
lot size value **)
it will be like as follows
0.02 lot at 1st stage
0.03 lot at 2nd stage
0.03 lot at 3rd stage
0.04 lot at 4th stage
0.05 lot at 5th stage
0.06 lot at 6th stage
Max.Stages for buy/sell : 6 steps (user choice)
Enter 1st stage at Pips : 40 pips (user choice)
Enter 2nd Stage at pips : 80 pips (user choice)
Enter 3rd Stage at pips : 120 pips (user choice)
Enter 4th Stage at pips : 160 pips (user choice)
Enter 5th Stage at pips : 200 pips (user choice)
Enter 6th Stage at pips : 240 pips (user choice)
Enter Average Target to exit : 20 pips (user choice)
Enter magic number :
Enter comment line :
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Trading Rules :
---------------
Buy Entry :
------------
When EMA 1 < EMA 2, wait for 40 pips from cross down , enter
a buy with a target 20 pips
if prices moves down further continuously, wait for 80 pip, 120 pip
160 pip, 200 pip and 240 pips to average positions from the cross
over place.
Close all positions, when overall gain of 20 pips reached.
Once a buy trade is over, Buy sequence is completed.
We have to wait for cross over to do next sequence of trades to do
sell entry.
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Sell Entry :
-----------
When EMA 1 > EMA 2, wait for 40 pips from cross up , enter
a sell with a target 20 pips
if prices moves up further continuously, wait for 80 pip, 120 pip
160 pip, 200 pip and 240 pips to average positions from the cross
over place.
Close all positions, when overall gain of 20 pips reached.
Once a sell trade is over, Sell sequence is completed.
We have to wait for cross over to do next sequence of trades to do
buy entry.
--------------------------------------------------------------------
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