Create a simple EA using the 20 and 100 EMA with Buy and Sell stop orders

Daily EMA Momentum Strat

Trade on trending or momentum pairs  (ideally allow it to work on any pair for testing purposes)

Timeframe - Daily (ideally allow it to work on any TF for testing purposes)

Indicators - 100 EMA & 20 EMA - 100 EMA shows long term trend 20 EMA shows current temporary momentum of trend

System Rules 

To Long

1. 20 EMA is above 100 EMA

2. Wait for bullish candle to form (rule to define bullish candle is one where close is no more than 20% away from high)

3. Enter on the break of the bullish candle ( set a buy stop, NOTE - if it is not tagged by end of day ie by current live candle, delete order )

4. SL is below two bar low - ie below previous candle before the bullish one ( if there isn’t one then just put SL below current candle)

5. TP is at 1:1

To Short

1. 20 EMA is below 100 EMA

2. Wait for bearish candle to form (rule to define bearish candle is one where close is no more than 20% away from low)

3. Enter on the break of the bearish candle ( set a sell stop, NOTE - if it is not tagged by end of day ie by current live candle, delete order )

4. SL is above two bar low - ie above previous candle before the bearish one ( if there isn’t one then just put SL above bearish candle)

5. TP is at 1:1

Eg -

Other additions:
- A feature which when on allows only 1 trade at a time and when off will allow the EA to place multiple trades on the pair

- Lot to be calculated each trade based on % risk selected in the options as SL will vary every trade as will currency pair

- Ideally visuals on chart to show EMA's and trades themselves, SL and TP but not necessary just a bonus

- Option to change the 'definition' of a bearish or bullish candle, ie to be able to change from 20% to 30% etc