When 100 day exponential moving average (Source: Close) crosses under 50 day exponential moving average (Source: Close), Open a Market Buy at the next candle open (depending on timeframe for the chosen chart) with 2% of Account Size, Set Stop Loss to 20 Pips under entry, and a Take Profit at 70 pips above entry.
Take 50% profit (close half the position) at 30 pips above entry and move stop loss to entry position.
Leave remaining of the trade open until it hits stop loss or take profit, or if the 100 day and 50 day ema cross again, close position and take opposite position (if original position was a Market Buy, with 100 day ema under the 50 day ema, and now it crosses and 100 day is above 50 day, close position and open a sell position with the same parameters).
Please make sure the following are variables:
Entry size is % of account size
Original stop loss position in pips
Original take profit position in pips
Additional take profit at 50 % is a variable with percentage and the position above/below entry can be adjusted in pips
Both EMA values in days
Note: I have added the indicator from tradingview that I used to work on this strategy
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