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Writing of an Expert Advisor based on EMA Indicators that open and closes Long & Short position

MQL5 Göstergeler Uzmanlar Futures Trading robot/indicator debugging

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3 EMA Cross Overs:-

EMA: 4 Close

EMA 8 Close

EMA 12 Close


Indice: US30 CFD

Code: MT5

Long:-


Open Position

  1. Open Position when EMA 4 crosses EMA 8 & 12 upwards and
  2. Cross is complete and
  3. The next 1 min candle shows an upward trend or upward arrow
  4. Signal Open Position

Close Position

  1. Close Position when EMA 4 crosses EMA 8 & 12 downward and
  2. Cross is complete and
  3. The next 1 min candle shows a downward trend or an arrow downward
  4. Signal close Position


Short:-

Open Position

  1. Close Position when EMA 4 crosses EMA 8 & 12 downward and
  2. Cross is complete and
  3. The next 1 min candle shows a downward trend or an arrow downward
  4. Signal Open Position

Close Position

  1. Open Position when EMA 4 crosses EMA 8 & 12 upwards and
  2. Cross is complete and
  3. The next 1 min candle shows an upward trend or upward arrow
  4. Signal Close Position

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