Hi All!
I'd like an expert advisor based on moving average. Here are the entry rules.
settings:
MA period= /// period of moving average
MA price= /// closed, open, high, etc.
MA type= /// ema, sma, etc.
t/p= /// take profit in pips
s/l mode= /// 0 - means stop loss is in pips, 1 - means stop loss is at sell = value of moving average HIGH, at buy value of moving average LOW
next position pips= /// open next position at defined distance if position is in profit (stop loss is the same as the first position), scaling in, with the same lot size of the original
trailing= /// trailing all positions in pips
Entry rules: ea based on ma and price action. As soon as ea attached to the chart, it checks ma value. If price is over MA, and moves below MA opens sell. Sets s/l, t/p. If price is under MA and moves over MA, opens buy. Sets s/l, t/p. Ea repeats buy/sell sequence as many times as price crosses MA. But in the same time only one sell and buy position can be opened.
That's it.
Happy bidding!