EMA AND CANDLE STICK EA

CANDLE STICK AND EMA

BUY CONDITION:

Once a bullish candle stick starts and closes above without touching the specified EMA enter buy at the start of the next candle.

SELL CONDITION:

Once a bearish candle stick starts and closes below without touching the specified EMA enter sell at the start of the next candle.

STOP LOST:

Stop lost should be placed at the bottom of the last candle that touched the EMA before the entry.

TAKE PROFIT 1:

TAKE 50% of all tread position by risk ratio e.g Risk X 1

TAKE PROFIT 2:

TAKE 100% of the tread position one a candle closes at the reverse side of the EMA without touching the specified EMA.

Note: ENTRY 1 AND ENTRY 2 must be in the same direction ( i.e BUY, BUY or SELL SELL) before both can be remain floating. If Entry 2 condition is the revers, then Entry 2 order should also be the Take profit of Entry one.