Writing of an Expert Advisor based on EMA Indicators that open and closes Long & Short position

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great person! always gives clear instruction! 100% would work for him again!

Tarea técnica

3 EMA Cross Overs:-

EMA: 4 Close

EMA 8 Close

EMA 12 Close


Indice: US30 CFD

Code: MT5

Long:-


Open Position

  1. Open Position when EMA 4 crosses EMA 8 & 12 upwards and
  2. Cross is complete and
  3. The next 1 min candle shows an upward trend or upward arrow
  4. Signal Open Position

Close Position

  1. Close Position when EMA 4 crosses EMA 8 & 12 downward and
  2. Cross is complete and
  3. The next 1 min candle shows a downward trend or an arrow downward
  4. Signal close Position


Short:-

Open Position

  1. Close Position when EMA 4 crosses EMA 8 & 12 downward and
  2. Cross is complete and
  3. The next 1 min candle shows a downward trend or an arrow downward
  4. Signal Open Position

Close Position

  1. Open Position when EMA 4 crosses EMA 8 & 12 upwards and
  2. Cross is complete and
  3. The next 1 min candle shows an upward trend or upward arrow
  4. Signal Close Position

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// @version= 5 strategy ( "EMA Crossover Strategy with 1:1.6 Risk-Reward" , overlay = true ) // Define the EMAs shortEma = ta.ema ( close , 10 ) longEma = ta.ema ( close , 20 ) // Plot the EMAs on the chart plot ( shortEma , color = color.blue , title = "10 EMA" ) plot ( longEma , color = color.red , title = "20 EMA" ) // Calculate the crossover conditions longCondition = ta.crossover ( shortEma , longEma )

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