MT4 Expert Advisor
4 Hour candle Candlestick chart - (2) EMAs - they cross. I will use a sell for this example: the first candle that closes below both MAs after the MAs cross (the smaller time frame below the larger time frame) is the signal candle. A sell market order is then signaled at the very open of the next 4 hr candle. The close of this position is when a candle (green) closes above the smaller time frame MA. After price action moves 50 pips in favor of trade - a stop loss is set to zero. The inverse of this is for a buy trade.