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I want an expert advisor that uses EMA, SMA and ADX indicators to make buy and sell order decisions.
Indicators
1. EMA
2. SMA
3. ADX Indicator
External Inputs
1. EMA value (default 14 EMA)
2. SMA value (default 50 EMA)
3. ADX Crossover value (default 20)
4. Lot Size
5. Stoploss = EMA or SMA
6. Trailing stop (default = 50 pips)
Buy Logic
On current time frame open only one trade at a time.
If (there is no open buy order) {
If (14 EMA is above 50 SMA and price is above 14 EMA and ADX +DI line is above ADX crossover value) {open “Buy order”}}
Set stop loss: If price touches 14 EMA and ADX -DI line crosses ADX crossover value, close trade.
Set trailing stop.
Sell Logic
On current time frame open only one trade at a time.
If (there is no open sell buy order) {
If (14 EMA is below 50 SMA and price is below 14 EMA and ADX -DI line is above ADX crossover value) {open “Sell order”}}
Set stop loss: If price touches 14 EMA and ADX +DI line crosses ADX crossover value, close trade.
Set trailing stop.
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