Hi
This is my first order here so please bear with me if I am not describing requirements very well.
I would like to order a simple auto trade program to be used on Metstrader 5
Details as follows
For the DAX (GER30)
Time: From 7.20am Monday to Friday, to 8.40pm Monday to Friday. Any open trade to be closed automatically at 8.40pm before the US market closes each day. Position not to be held overnight or at weekends.
Open trade each time the 5 EMA crosses the 9 EMA at the bar close, only on the 3 minute period. Trade can be a buy or sell of course depending on the direction of the cross. When 5 EMA crosses below the 9 when the bar closes a sell will be created, and when 5 EMA crosses above the 9 when the bar closes a buy trade is created.
Stop loss will always be set to 30 pips as precaution.
Position will be closed either when 7 pips profit is reached or if the 5 EMA crosses back over the 9 EMA in opposite direction at a bar close, whichever one happens first.
Close Option 1: the 7 pips profit is reached the next trade placed will be when the 5 EMA crosses the 9 EMA at the bar close in the opposite diection, only on the 3 minute period
Close Option 2 : The 5 EMA crosses back over the 9 EMA in opposite direction at a bar close, in this senario the current trade is closed and a new trade is opened in opposite direction.
And this cycle continues during the hours specified above.
many thanks
fitzg123
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