Five EMA’s and engulfing candles.

Termos de Referência

I want this to be a strategy that will automatically open and close positions on the forex market, mainly on currency pairs. The strategy is based on the engulfing candle formation and five EMAs 5,13,50,200,800.

The strategy involves entering a position after meeting several key conditions:

1. the engulfing candle formation appears on the chart

2. the EMA5 must pass through the bodies of both candles of the engulfing formation

3. Price of this formation must be above or below all EMAs, depending on the direction of trading. Price of second candle of engulfing must be below or above all EMAs. No need to be all of this pattern below or above. 

4. entry into positions occurs after a price retest to, for example, 50% of the takeover candle, sl and tp are counted from the moment of entry. SL in pips, and tp as the SL ratio (20 SL * 2 = 40 tp)
5. limitation of trading hours, e.g. 9-21
6. possibility of setting the minimum distance from the moment of entry to EMA50. entry occurs when, for example, the EMA is 10 pips away from the entry point. 7. lot calculated based on the percentage of capital involved. e.g. risk 1% of $1000 = x lot, depending on SL points.

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