I created this simple EA which works like this:
when SMA50 is above SMA200, buy when price cross above SMA50
when SMA50 in below SMA200, sell when price cross below SMA50
Backtested on EURUSD 5min timeframe, SL=75pips, TP=150pips, trailingStartPips=37, trailingStopPips=37, trailingStepPips=1
Noticed with this parameters the EA can catch big directional moves earning a lot while closing with little loss or breakeven when market starts to range, I strongly suggest you to visual backtest the EA in action so you can better understand and develop it for your needs.
Last 3 months period detailed statement
Equity line
You are free to download, use and backtest the EA, I tried different timeframes and parameters and this seems the most profitable, if you have a larger data period backtest it and post your results here (I backtested it only for last 3 months, it's not a lot but it was a period in which EURUSD had both big directional moves and trading ranges so it should fairly represents all market conditions).
when SMA50 is above SMA200, buy when price cross above SMA50
when SMA50 in below SMA200, sell when price cross below SMA50
Backtested on EURUSD 5min timeframe, SL=75pips, TP=150pips, trailingStartPips=37, trailingStopPips=37, trailingStepPips=1
Noticed with this parameters the EA can catch big directional moves earning a lot while closing with little loss or breakeven when market starts to range, I strongly suggest you to visual backtest the EA in action so you can better understand and develop it for your needs.
Last 3 months period detailed statement
Equity line
You are free to download, use and backtest the EA, I tried different timeframes and parameters and this seems the most profitable, if you have a larger data period backtest it and post your results here (I backtested it only for last 3 months, it's not a lot but it was a period in which EURUSD had both big directional moves and trading ranges so it should fairly represents all market conditions).
Attached File(s)
Price cross SMA 50 200.ex4
199 KB
|
1,219 downloads