SMAs crossing and Resistance & support EA

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V75 SMA Crossover EA — Summary of Rules

1. 

Chart Timeframe for Trading

• Trades are taken on the M15 timeframe.

2. 

Indicators Used

• Simple Moving Averages (SMAs):
  
• SMA 5 (fast)
• SMA 15 (medium)
• SMA 50 (slow)
• SMA 150 (long-term trend)
• 
  

3. 

Entry Conditions

• Buy Signal:
  
• SMA 5 crosses above SMA 15, AND
• Current price is above both SMA 50 and SMA 150.
• 
  
• Sell Signal:
  
• SMA 5 crosses below SMA 15, AND
• Current price is below both SMA 50 and SMA 150.
• 
  

4. 

Support & Resistance (S&R) Levels

• The EA will automatically detect and draw key support and resistance levels from:
  
• H1 (1-Hour) timeframe
• H4 (4-Hour) timeframe
• 
  
• These levels will be drawn as horizontal lines on the M15 chart to visually assist entry decisions.

5. 

Trade Management

• Lot size: Default 0.01, adjustable via inputs.
• Stop Loss: Disabled (no SL set by EA).
• Take Profit: Fixed at 1000 pips by default (adjustable).
• Max open trades: 1 (only one trade at a time).

6. 

Profit Lockout Feature

• The EA monitors your floating profit in real-time.
• Once your floating profit reaches a configurable percentage of your account balance (default 10%):
  
• The EA closes all open trades immediately, and
• Stops opening new trades until restarted.
• 
  

7. 

Additional Details

• Designed specifically for the Volatility 75 Index (V75).
• Trades only when no other open positions exist.
• Parameters for lot size, take profit, and profit lock percentage are adjustable via EA inputs.