An Expert Advisor based on a single EMA 21, RSI and Scaling in money management rule

Specification

Open a trade when a candlestick cross EMA 21 at the 30Mins timeframe and the RSI(period 9) crosses the 40 and 60 levels.

The Candlestick cross above EMA 21, and the RSI(period 9) crosses the 60 level to create a buy order.

 The Candlestick cross below EMA 21 and the RSI(period 9) crosses the 40 level to create a sell order.

Do not open another trade until the ongoing trade is closed. Set a stop loss at 30PIPS(2% of the account balance) away from the entry point and a take profit at 65PIPS away from the entry point. 

Enter another trade in the same direction as the initial position once the price has moved 15 PIPS in profit but with a 70% lot size of the initial lot size.

Set the take profit at the same level as the initial take profit.

Adjust the stop loss of both opened positions to equal 2% of the account balance.

EA should only work on FXCESS server.

The budget is $30

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Project information

Budget
30+ USD
For the developer
27 USD