First of all sorry for my English but it is not my language!
I have developed a strategy that far in the manual mode proved to be good and I was wondering if you could elaborate a EA so as to make it automatic ..
For my strategy are the following indicators:
- 18 EMA & 28 EMA (in red) that forming a tunnel
- 5 WMA (in blue) & 12 WMA (in yellow) WMA means methodically Linear Weighted
- RSI = 21
timeframe-1H tested only EUR\USD but probably will work for other currency pairs with similar volatility
LONG: 5 WMA & 12 WMA cross the red tunnel upwards and the RSI indicator is greater than 50
SHORT: When 5 WMA & 12 WMA cross the red tunnel downwards and the RSI indicator is less than 50
Do not open the position until both moving averages have not crossed the tunnel completely
5WMA crosses and crosses completely 12WMA. Add an option to select a number of pips to specify HOW THE PIPS 5WMA must cross the 12WMA so that the trade is closed. This is because I noticed that sometimes the two lines touch or even overlap but no greater than the other ...
Also add an option to open a second order (exactly with the first) with take profit of X pips (customizable). If the take profit not be achieved, this order will be closed along with the first (according to the output mode that I described earlier) That should help (I hope) in the case of high market volatility, to at least make some profit.
That's all .... also add the usual options of your EA (lots, timeframe ecc ..).... I test it on demo, I'll see if it will work and whether they will require change. I enclose a picture to clarify it all .... I know it will require much work on your part but I thank you in advance!