EA Using Simple Moving Averages

Variables

Units

Description

1

Sample Size

Number of trade outcomes (e.g. 20 outcomes).

3

Higher Moving Average

Higher Indicator (e.g. 13 M15). – Simple MA

4

Lower Moving Average

Lower Indicator (e.g. 5 M15). Simple MA. Enter long or short trades when lower indicator crosses higher one. e.g. When lower indicator is above higher indicator, long trades and vice versa.

5

Total Lots

All lot sizes – Standard, Mini, Micro (e.g.  0.3 lots)

6

Take Profit 1

%

Choose percentage of Average True Range (ATR) e.g. 30%

7

Take Profit 1 Lots

Number of lots to close at Take Profit 1 (e.g. 1 lot)

8

Take Profit 2

%

Choose percentage of Average True Range (ATR) e.g. 60%

9

Take Profit 2 Lots

Number of lots to close at Take Profit 2 (e.g. 1 lot)

10

Take Profit 3

%

Choose percentage of Average True Range (ATR) e.g. 90%

11

Take Profit 3 Lots

Number of lots to close at Take Profit 3 (e.g. 1 lot)

12

Stop Loss 1

%

Choose percentage of Average True Range (ATR) e.g. -90%

13

Stop Loss 1 Lots

Number of lots sold at Stop Loss 1 (e.g. 3 lots)

14

Stop Loss 2

Only activated once Take Profit 2 has been reached. Stop Loss 2 is set to close the trade when any point is reached under the starting point (based upon real time trade, not close of candle). When activated, Stop Loss 2 closes all remaining lots immediately.

15

Stop Loss 2 Lots

Number of lots sold at Stop Loss 2 (e.g. remaining number of lots)