Description
The EA will start trading using the moving average attached to the selected time frame. there two strategies in which the EA will be using to trade, the phase approach and the alternative approach.
In the phase approach (no hedging) , the EA will enter the first trade when price is close above or below MA in the particular time frame selected, if the first trade does not hit take profit ,the EA will continue to enter subsequent trade in the same direction of the first trade until either take profit is reach or equity stop loss is hit, the gap size and the lots sizes are all scale after the initial trade .for example, for the gap size of 36 below .after the first(1) trade, the second trade gap size will be scale ( increase or decreasing) using pips or percentage . the lot size has two phases. The first trade will start with initial lot then proceeded to phase 1 and then phase 2 and after phase 2.the EA continue repeating phase 1 and 2 until take profit is hit or stop out
In the alternative approach (hedging approach) the EA will enter the first trade when price is above or below MA o, and if the trade changes failed to hit take profit and changes direction, subsequent opposite trade will continue to be enter when MA price close above or below MA, until take profit reach or stop out.no gap size is require for this strategy
When the EA is attached on the chart, the following should be visible on the chart, the amount of take profit and the amount I will be risking.
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