Hello,
I'm wondering if anybody would be able to help me create an EA for a very simple (at least I think it's simple) moving average crossover. I've tried creating the EA myself using the Expert Advisor Builder website and I'm having no luck. The EA keeps missing trades and taking them in the wrong places, compared to the way I trade the system manually.
The rules are very simple. I believe this style of trading is called a Stop and Reverse method.
The two moving averages I use are a 200sma and a 200ema. I trade in the direction of the 200ema. When the 200ema crosses and closes above the 200sma upwards, I enter long.
When the 200ema crosses and closes below the 200sma, I enter short.
That's all I need.
If possible, I would also like to have the EA trade 1 mini lot for every $500 in capital and risk no more than 2% per trade.
I would also like an option to have a stop loss of 50 pips.
If it's also possible, I would like an option to have the trades closed out at either a 2% capital gain, 5% capital gain or close the trades out on a cross in the opposite direction.
After typing all of this, I see it may not be as simple as I think.
More than anything, if someone can just help me or can create just the basic (the EA with the cross and nothing else) I would be very thankful.
I tried to do it myself first but I'm not a programmer/coder and I crashed and burned.
Since this is a stop and reverse method, hopefully I'm correct in thinking that there should only be 1 trade open at any time.
Please respond to this post, send me a PM or email if you can help or have any questions.
Thanks,
Siuol
I'm wondering if anybody would be able to help me create an EA for a very simple (at least I think it's simple) moving average crossover. I've tried creating the EA myself using the Expert Advisor Builder website and I'm having no luck. The EA keeps missing trades and taking them in the wrong places, compared to the way I trade the system manually.
The rules are very simple. I believe this style of trading is called a Stop and Reverse method.
The two moving averages I use are a 200sma and a 200ema. I trade in the direction of the 200ema. When the 200ema crosses and closes above the 200sma upwards, I enter long.
When the 200ema crosses and closes below the 200sma, I enter short.
That's all I need.
If possible, I would also like to have the EA trade 1 mini lot for every $500 in capital and risk no more than 2% per trade.
I would also like an option to have a stop loss of 50 pips.
If it's also possible, I would like an option to have the trades closed out at either a 2% capital gain, 5% capital gain or close the trades out on a cross in the opposite direction.
After typing all of this, I see it may not be as simple as I think.
More than anything, if someone can just help me or can create just the basic (the EA with the cross and nothing else) I would be very thankful.
I tried to do it myself first but I'm not a programmer/coder and I crashed and burned.
Since this is a stop and reverse method, hopefully I'm correct in thinking that there should only be 1 trade open at any time.
Please respond to this post, send me a PM or email if you can help or have any questions.
Thanks,
Siuol