Ma crossover EA

Description: Simple Ma crossover EA

Setup:

• MA1 linear weighted 10 close

• MA2 linear weighted 20 close

Entry:

• when EA is started, wait for crossover before entry.

Buy:

• Every candle close where MA1 is above MA2

Sell:

• Every candle close where MA1 is below MA2

Visual:

• Profit in % of balance

• Profit in $

Settings:

• MA1

• MA2

• Max number of open trades

Money management:

• Take profit - either X$ or X% of balance

• Take profit X value

• Trailing stop - either $ or % of balance

• Trailing stop of X step Y

Explanation of money management:

Take profit is not a set number of pips! It is a $ profit which is either a set value or a % of the balance. So for example either 10$ fixed or 10% of 100$ balance which would also be $10 increasing with further wins.

Trailing stop is much the same. Trailing stop could be 5$ fixed or 5% of 100$ balance so also 5$. If fixed, step would be set in $ fixed increments. For example 5$ fixed trailing with step of 5$ would mean that if profits increased to 5$ over all open trades, the SL would move to profits of 0$. When profits rise to 10$ SL would rise to 5$.

If trailing stop was set to % of balance, then the increments would also increase in % increments. For example, 5% TSL step 5%  would mean that for a $100 balance, if profits over all open trades increased another 5% of the balance($5) to 5% profit, then SL would move up 5% of balance($5) from what was -$5 to $0.