4 EMA EA Update

Updates required for existing 4 EMA EA. 

1- EMA200 that detects consolidated markets.

 Introduction of the 200EMA indicator, which detects side markets, not appearing on the graph and filtering entries well. Available code:

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study(title="Trading Rush Moving Average", shorttitle="TR EMA", overlay=true, resolution="")

len = 200

src = close

ema1 = ema(src, len)

maColor = if(close[5] > ema1[5] and close[10] > ema1[10] and close[15] > ema1[15] and close[20] > ema1[20] and close[30] > ema1[30] and close[40] > ema1[40] and close[50] > ema1[50] and close > ema1)

    [URL='http://color.green/']color.green[/URL]

else if(close[5] < ema1[5] and close[10] < ema1[10] and close[15] < ema1[15] and close[20] < ema1[20] and close[30] < ema1[30] and close[40] < ema1[40] and close[50] < ema1[50] and close < ema1)

    [URL='http://color.red/']color.red[/URL]

else

    [URL='https://color.new/']color.new[/URL](color.white, 100)

plot(ema1, title="TR EMA", color=maColor, linewidth=4)

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2- Entry trigger

2.1- In order for an entry trigger to materialize, it is necessary that in addition to touching, a certain number of pips come close or exceed EMA14 and return to the trend breaking the EMA8 level: (As long as they are in clear trend, without cross overs)

2.2- The candlestick is bullish (in the case of a bullish trend) or bearish (in the case of a bearish trend)

2.3- The candlestick of the entry trigger exceeds in closing the closing of the exact previous candlestick.

2.4- The entry should not be made in the breaking of the entrance trigger candle by the next candle, as this version is operating, but in the entrance trigger generator candle, in its exact closing, following the new shown criteria.

3- New Stop loss Features

3.1- Introduction of a Stop loss limiter. Based on USD by contract size.

3.2- When we are in an operation and the entry trigger occurs again, the EA must update the Stop loss to the end of this candle, regardless of the number of times this occurs.

3.3- Intelligent position increase: For an optional setup (ON and OFF feature), every time we are in a trade and the input trigger occurs again, we know that the stop loss value must invariably be placed at the end of this candle. In addition, in this optional configuration, the EA must open a predetermined number of positions, each with half the contract value of the previous one. Ex in a trade: Trigger1-First Position 1.0 / Trigger2-Second position 0.5 (Stop loss moved to the end of Trigger2) / Trigger3-Third position 0.25 (Stop loss moved to the end of Trigger3) and so on.

-In the case of this feature = OFF, we will operate only one position, with only the stop loss being moved if other input triggers appear.

3.4- Addition of a simple stop loss system. Only a risk / reward multiplier.