FreelanceSections

EA Based on EMA as Supports or Resistances

MQL5 Experts Forex

Specification

The procedures are as follow:

1. Observing whether the market is in a trending environment.

2. If the market is trending, set 5 EMA as supports or resistances. Whenever the price hit each of the EMA, an open position (OP) is triggered along with a take profit (TP). A cut loss (CL) occurs when the candle closes beyond the EMA.

3. When the EA detects the trend is weakening, it temporarily deactivates itself and close remaining pending orders. It will reactivates once the trend resumes or once the market has reversed the trend.


Most of the variables such as timeframe the EA is applied to, time period the EA is on, EMA values, ATR for TP & for safety stop, stop loss (SL) are based on the input of the user.


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Project information

Budget
30 - 100 USD
Deadline
from 15 to 30 day(s)

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