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Needing an EA that is based on mean reversion, using a slow moving average as a gauge for deviation from the mean and a fast moving average as a trade signal. For example, EUR/USD is 50 pips below SMA 200, once price crosses above SMA 30 a buy trade is executed. Vice versa for a sell trade. Once the initial trade is placed, additional trades may be placed if price moves against us by a set number of pips and the conditions for the trade are still intact or occur again. Take profit should be calculated as a dollar amount for the total position and not based on each individual trade. Below are the input conditions that I need for optimization:
Lots:
Take Profit: (in dollar amount)
FastSMA:
SlowSMA:
PipsAway: (distance of price above/below SlowSMA before a trade is permitted)
PipsPerTrade: (number of pips price must move against previous trade before additional trades can be placed)
MaxTrades: (max number of trade allowed before EA stops trading)
MagicNumber: (EA will run on multiple charts)
Thank you
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