Specifiche
I would like to have a bot that trades focusing on the 6 elements of exponential movement average (ema). The 6 were of ema 7, 21, 50, 100, 200, and 365.
The signals for the entry point would be for every candlestick crossing of the 6 ema's, with more than 5 pips (4 decimal points) movement - e.g when the candlestick crosses the ema 7 with a notable 5 pips movement, when the candlestick is bullish, place a sell position with a take profit (tp) exactly at ema 7 (vice versa if the candlestick is bearish).
Take notes that the entry points between each crossing needs to be after 4 candle's intervals - e.g if the candle has crossed any of the ema's for the first time, do not re entry position if it crosses again, wait until 4 candle passes without the candlestick touching the ema's before making another entry if the price proceed to the ema with more than 5 pips gaps - if it touches a different ema's however, proceed with buy or sell entry focusing on the new ema it crosses.
Also notes that this trade requires that the ema to be in sequence - 7,21,50,100,200 and 365 - for it to work best. If it's jumbled up, it's most likely not going to work.
For a counter mechanism if the price action went an extra mile before completing the setup, place a secondary position 50 pips away targeting the same exact tp. If it went to more than 100 pips, place a third position targeting tp exactly 10 pips above the 2nd position for all the open positions.
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