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Rules
Specification
I'm looking for an EA that will BUY when price has two consecutive candle closes above the 21 EMA, and SELL when price has two consecutive candle closes BELOW the 21 EMA (or MA of my choosing).
I would like the EA to have all the necessary features for backtesting and running it on a live trading account.
More specifically, MM options (ability to switch between using fixed lot-size, risk percentage of equity or risked amount per trade), options to use a trailing stop and move to break even.
Multiple SL/TP modes (fixed pip-defined distance or based on ATR multiplier, and also based on the last high/low swing in the last X bars).
The EA will have the option to select the TYPE of Moving Average (I.e. Simple, Exponential, etc) and the LENGTH of the Moving Average (I.e. 10, 21, 50, etc.)
The EA will have the option to BUY when price has two consecutive candle closes above the selected Moving Average, or SELL when price has two consecutive candle closes BELOW the 21 EMA (or MA of choice). (This is the main basis of the strategy)
The EA will have the option to solely MANAGE THE TRADE on a close back below or above the chosen moving average.
EXAMPLE: The EA takes a LONG position based on TWO consecutive closes above the 21 EMA. The EA does not exit the trade until there is another close BELOW the 21 EMA.
EXAMPLE: The EA takes a SHORT position based on TWO consecutive closes below the 21 EMA. The EA does not exit the trade until there is another close ABOVE the 21 EMA.
The EA will have the option to TAKE PROFIT and STOP LOSS at a selected number of pips.
The EA will have the option to TAKE PROFIT and STOP LOSS based on ATR.
The EA will have to option to set a TAKE PROFIT and STOP LOSS based on a specific percentage gain/loss based on the total account value.
The EA will have the option to set a specific amount of orders open at once per pair, but have the ability to be used on multiple pairs at a time.
The EA will have an option to TAKE PROFIT once a local high or low has been created (price takes out low or high of previous candle), either on the same timeframe or a lower timeframe of choice.
EXMPLE OF LOCAL HIGH:
If the low of the previous candle is 5, and the current price is 10; a local high will be created when the current candle goes below the low of the previous candle. So in this example, a local high would be created when the price of the current candle goes below 5.
EXAMPLE OF A LOCAL LOW:
If the high of the previous candle is 10, and the current price is 8; the local low will be created when the current price goes above 10.
I would like the EA to include the option to set a specific amount of orders at a time, as well as operate on several pairs or only one pair at a time.
I would also like the option for the EA to STOP TRADING once a certain amount of profit and loss has been achieved for the day.
I HAVE ATTACHED A LINK WITH EXAMPLE TRADES. THE TRADES ARE AS FOLLOWS, IN ORDER.
TRADE 1: Enter SHORT trade based on two consecutive closes below the 21 EMA - Take Profit based on ATR or defined pips
TRADE 2: Enter SHORT trade based on two consecutive closes below the 21 EMA - Take Profit based on ATR/Defined Pips
TRADE 3: Enter LONG position based on two consecutive closes ABOVE 21 EMA - Take Profit @ Local Top (Price goes below low of previous candle, creating Local Top)
TRADE 4: Enter SHORT trade based on two consecutive closes BELOW 21 EMA - Take Profit @ Local Low (Price goes above high of previous candle, creating Local Low)
TRADE 5: Enter LONG position based on two consecutive closes ABOVE 21 EMA - Take Profit @ Local Top OR Defined Pip/ATR
TRADE 6: Enter SHORT position based on two consecutive closes BELOW 21 EMA - Take Profit @ Local Low
TRADE 7: Enter LONG position based on two consecutive closes ABOVE 21 EMA - Take Profit @ Local Top OR Based on Next Close Below 21 EMA
TRADE 8: Enter SHORT position based on two consecutive closes BELOW 21 EMA - Take Profit @ Local Low
TRADE 9: Enter LONG position based on two consecutive closes ABOVE 21 EMA - Take Profit // Exit Trade @ Next Close Below 21 EMA
LINK TO IMAGE OF EXAMPLE TRADES: https://imgur.com/a/WGoWIYy
