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Hello,
Would like to create an EA from scratch that focuses on momentum trading. This will be a combination of linear regressions and simple moving averages, but entry will be determined by the SLOPE.
Basically, the EA triggers a buy order when the SLOPE of the linear regression turns positive and vice versa for the sell side. The trigger for the SLOPE should be a Percent Slope or it could be a Slope Degree, where a negative value would be a negative slope, and a positive value would be a positive slope.
Also, two more conditions will be created, one will be when the SLOPE of X (whichever time period is inputted) Simple moving average turn positive, then buy and vice versa. And, the SLOPE of a second simple moving average turns positive buy and vice versa.
Regular bells and whistles, such as Take Profit, Stop Loss, send email notification when the the conditions are triggered.
** Linear regression must be visible during back-test to ensure the order is being opened correctly**
** Please include the amount of bars that the linear regression will be calculating **
** Please include Pause before the next trade (bars) option **
** Please include Trailing Stop Loss **
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