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I would like an EA which is based on a few simple entry rules:
1. 20 moving average is below/above 50 moving average on daily chart.
2. So suppose trend is down for example, now wait for current candlestick to break high of previous daily candle stick.
3. Next after it breaks yesterdays high high of previous daily candle
closely monitor price reaction, and enter short only when the next 1 hour candle closes short,
It should have the following options:
. On entry use 1 2 or 3 orders all for adjustable lot sizes, take profits, stop losses, and break even, trailing stop.
Suppose for example the price of euro/jpy is down and now market corrects 100 points and breaks previous daily candles high by 10 points before then closing down on the next 1 hour candle. You could enter 3 orders at the same price. And suppose market then goes down only 50 points the 1st order would have hit take profit, and the other 2 would be closed at break even.
Same entry rules apply for the buy side.
. There should also be an option to use martingale, and the max attempts. So if the trend looks like it has struggled at a daily major reistance point start to reverse enters and is wrong only to go 50 points against you and hit the sl. Wait until the next daily resistance candle breakout then 1 hour supporting candle to try again.
thanks
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