Specification
Details | Requirements | |||||
---|---|---|---|---|---|---|
Type | Expert Advisor*** | |||||
Name | Moving Average Cross Over | |||||
Sell Entry | Bar0 bearish High > MA && Bar0 bearish Low < MA | |||||
Sell Filter | Bar1 bullish High > MA && Bar1 bullish Low < MA | |||||
Buy Entry | Bar0 bullish High > MA && Bar0 bullish Low < MA | |||||
Buy Filter | Bar1 bearish High > MA && Bar1 bearish Low < MA | |||||
Others | . Open sell trade if sell conditions agree*** | . Open buy trade if buy conditions agree*** | . Open pop-up notification . | |||
Take-profit | A. Take-profit for a sell trade if price crosses and | cuts above the MA.*** | B. Take-profit for a buy trade if price crosses and cuts below the | the MA.*** | ||
Stop-Loss | A. Exit losing sell trade if the current price is greater than the | high of sell entry.*** | B. Exit losing buy trade if the current price is less than the low | than the low of the buy entry.*** | ||
. The take profit and stop loss should be made based on the candlesticks , as shown on the attached pictures.
. Set stop loss level at the high of any candlestick or bar of the entry candle .
. The take profit on the other hand can the exit the current sell trade when the price crosses above the MA .
Hence the STOP LOSS levels are the Exit losing seel or buy tradeif the current price is greater than the high of the sell entry .
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