Created an MT4 EA based on movement and moving average confirmations.
The EA must be able to activate in predefined hours on the time zone: Quebec, QC (UTC−4)
The SL and the TP must be in % of the capital.
The EA will be adapted for stock market indices but also forex (point or pips)
The EA must have an economic news filter.
the EA must be able to automatically make a trailing stop with this strategy:
Positive position reached RR+1% = break even at entry price
RR+2 % SL positive at RR+1
The EA will respect the trends defined by the moving averages as explained on the chart and will not open a position if its moving averages are not respected.
The SL will be automatically positioned on the last lowest candle before confirmation as on the chart if attached
The EA will be able to open a defined MAX number of positions
The EA will not open another position on goal (in percentage) reached.
The EA will have 2 position opening possibilities:
If the SMMA is only touching then the market goes up an open it will be if the close of the candle goes back above the moving average 7
If the SMMA is crossed (close below the SMMA200) the EA can open a position only when the market closes above the moving average 7 and 20
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