Specifiche
conditions to be fulfilled for the BUY order:
1) the price over EMA 200
2) EMA14 higher than EMA 50
3) EMA 14 and EMA 40 over EMA 200
conditions to close BUY order:
1) Price under EMA 50, and EMA 14 under EMA 50
2) Price under EMA 200
conditions to be fulfilled for the SEL order:
1) The price under EMA 200
2) EMA 14 under EMA 50
3) EMA 14 and EMA 50 under EMA 200
conditions to close SELL order:
1) Price higher then EMA 50, and EMA 14 higher then EMA 50
2) Price higher then EMA 200
at each position opening, 4 positions are opened:
1) first position with tp at 20 pips
2) second position with tp at 40 pips
3) third position with tp at 60 pips
4) fourth position will not have Take profit. It will close when it reaches SL or when the above closing conditions will come into force
* EMA is always exponential and applicable for candle closure
* the purchase / sale decision will be made only when a candle is closed
Risk Management - each position has sl
1) When a position is open SL is 10 pips
2) once 5 pips are win, Sl is moved to break even
3) once 10 pips are win, Sl is moved to 3 pips profit
4) once 15 pips are win, Sl is moved to 5 pips profit
5) once 40 pips are win, Sl is moved to 10 pips profit
* Values of EMA, SL and TP they must be customizable
Money Management
the size of the open position respects the proportion:
balance = 100$ - position = 0.01 lots
balance = 200$ - position = 0.02 lots
and so on...
an option that can be switched on or off:
at each closed candle in which the EMA 14 is greater than the EMA 14 of previous one (if we are talking about buying, or smaller if we are talking about selling) a new position is opened. Closing all the additional positions at the first candle when EMA 14 si smaller than EMA 14 of previous candle (or increase if we speak of sale)