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I'm looking for an MT5 EA for Deriv's VIX 100 index (though it should work with other pairs as well). The strategy is based on EMA 50 and EMA 200 crossovers:
Buy when EMA 50 crosses above EMA 200.
Sell when EMA 200 crosses above EMA 50.
Lot size starts at 0.5 and adjusts after a loss to recover losses while still aiming for at least $1 profit.
No stop loss; trades close when the take profit of $1 is hit or the EMAs cross again.
The EA should only open one trade at a time and must include an option to set the maximum number of trades allowed.
Best recommended for VIX 100 on the M1 timeframe, but should work on any pair and timeframe. The EA must also run on any type of VPS (forex-specific or non-forex).
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