An EA based on EMA, SMA, Support and resistance and RSI

Comparison of data

In the timeframe of M15, M30, H1, H4, Weekly and monthly MA condition must fulfil:

1.       EMA 50 and SMA 100 crossover with SMA200 (4 timeframes out of 7)

2.       EMA 50 and SMA 100 crossed over against SMA 200 with EMA 50 and SMA 100 line pointing downward (above the candlestick) and at either (R1 or R2 or R3) and RSI at overbought 70 is a short position.

3.       EMA 50 and SMA 100 crossed over against SMA 200 with EMA 50 and SMA 100 line pointing upward (below the candlestick) and at either (S1 or S2 or S3) and RSI at oversold 30 is a long position.

4.        

Open position

Each time only can have one trade running.

1.       SL at 2% of capital at 40pips

2.       When trade at +5 pips, SL will move to + 1pip.

3.       After at + 10pips, SL will move by +5pips buffer. Example:

a.       When trade is at +10 pips, SL will move to + 5pips

b.       When Trade at +15 pips, SL will move to +10pips

c.       When trade at +20 pips, SL will move to +15pips