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Hi,
I would like to have an EA which use simple indicators MA for automatic trading.
There are three Moving Average (MA Method : exponential, apply to closed) indicators using different periods (see figure yellow 5, blue 11 and red 28).
If the yellow MA (periods 5) over cross the red MA (28), than open a long position with a stop loss 15 pips from the entry price.
The EA should have a dynamic stop loss (SL at 15 pips from the entry price, than move to the entry price if the MA ( period 11) over cross MA (28).
If the position was closed by reaching the stop loss, then a new stop buy order should be placed 2 pips from the current price.
The procedures can repeat up to 10 times, if the MA (5) still over the MA (28).
Take profits 30 pips.
The first order is not pending order. Only if this postion is closed by stop loss, then the next orders are pending orders.
The opposite signals do just the same logic.
The EA also has MM and risk factor at different percent of the defined deposite.
Following comments are fuction in the input parameters dialogue:
Use MM yes
Risk 10,
fixed lots 0.1
Pending orders: 2
Max orders 10
Max spread 1.0
Slippage 3.0
Stop loss 15.0
Trailing Stop 15.0
Time filter
Start Hour: 8
End Hour: 21
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