I need to create a trading bot for MT5 that puts in trades when the market goes above/below the EMA.
Yes. this bot is very simple. I have the pine script for the EMA indicator I use in trading view. And this EMA indicator has this feature where it will change colour when an "X" amount of candles close on a specific side.
For example - > If its an EMA 50 and 10 candles close above the EMA the EMA becomes GREEN - > Which indicates a buy. And the opposite for Sell.
The EMA indicator I have has an "Alert" named "Change Direction" Basically I just need that alert to run the trades
The variables that I need to edit the numbers and have control over are -
The Stop Loss, Take Profit,EMA size and also the amount of candles that has to close before the EMA changes directions. The time Frame and the symbol also needs to be editable.
The easiest method to do this would be to convert the TradingView EMA indicator. Make the Alert into trade triggers.
The indicator name is -
2 Moving Average Color Direction Detection BY Dreadblitz -- > 1180 users
I will attach a photo of what it looks like too.
Looking forward to working with you :)
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