Hi,
Have you ever looked at a chart and seen how the price will go through a moving average and the next thing you know you could have captured 30 pips 65 pips 100 pips.
For an example if you look at the GBP/JPY on a daily chart with a 60 ema on it, you can see how the price constantly moves through that 60 ema.
This is my idea, more than likely not new, but oh well.:
When the price moves past the 60 ema you buy/sell. Thats it
The problem is it could move past the 60 ema at 2.00am in the night and you will miss it because you where dreaming of that perfect trade.
So we need this system to be purely mechanical so that you set it and wait for the results.
Can any one help in making a very simple EA that will buy/sell when price moves past the 60 ema.. Set a stop loss if it goes against us. Maybe add the option of using a trailing stop. and also a take profit.
No I have not back tested this or forward tested this but just looking at the charts tells me that it is powerful enough to make a lot of pips.
ALL comments welcomed.
Have you ever looked at a chart and seen how the price will go through a moving average and the next thing you know you could have captured 30 pips 65 pips 100 pips.
For an example if you look at the GBP/JPY on a daily chart with a 60 ema on it, you can see how the price constantly moves through that 60 ema.
This is my idea, more than likely not new, but oh well.:
When the price moves past the 60 ema you buy/sell. Thats it
The problem is it could move past the 60 ema at 2.00am in the night and you will miss it because you where dreaming of that perfect trade.
So we need this system to be purely mechanical so that you set it and wait for the results.
Can any one help in making a very simple EA that will buy/sell when price moves past the 60 ema.. Set a stop loss if it goes against us. Maybe add the option of using a trailing stop. and also a take profit.
No I have not back tested this or forward tested this but just looking at the charts tells me that it is powerful enough to make a lot of pips.
ALL comments welcomed.
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