8EMA and 50SMA
Lot size: Last candlestck difference between high and low be divided by desired risk amount e.g. $25, $50, $75, $100 or more etc
Sell Entry: Whenever 8EMA is below 50SMA, Price must be below 8EMA, i look for candles more like pin bars with price opening from below 8EMA and rose above it or touches 8EMA and close below it, sell pending order is placed 1-2pips below low of last candlestick e.g. if last candlestick low is 1.1776, sell entry will trigger 1.1774 with tp 1.1764 (10pips) with adjustable 25 pips stop lost.
Buy Entry: Whenever 8EMA is above 50SMA, Price must be above 8EMA, i look for candles more like pinbars with price opening from above 8EMA and cross below it or touches 8EMA and close above it, buy pending order is placed 1-2pips above high of last candlestick e.g. if last candlestick high is 1.1776, buy entry will trigger 1.1778 with tp 1.1788 (10pips) with adjustable 25 pips stop lost.
I would prefer to have it designed so that I can change the SMA and EMA variables for entering trades, as well as having the SL and TP adjustable and possibly include an auto trailing stop if 10pips TP is surpassed, also adjustable. The trailing stop is important to EA but let me know if not easily incorporated.
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