ma cross with stop and profit set by crossover candle

If you need an Indicator or Signal developed or translated from other language, please post all Indicator development REQUESTS to this section here.

Moderator: admin

ma cross with stop and profit set by crossover candle

Postby leeh111 » Tue Mar 21, 2017 2:09 pm

hello guys

would it be possible to automate a simple strategy using a moving average crossover and close ??

the rules are:
trade opens when price closes on the opposite side of a moving average (eg 20 mva)..

stop loss is the low of the crossover candle (long) or the high of the crossover candle (short)
take profit would be equal to stop loss (1:1 risk to reward)..

trading times option would be great too as to be used within uk trading time..

ive attached two screenshots to visually describe the strategy.

cheers, lee :)
Attachments
long trade strat.JPG
short trade strat.JPG
leeh111
 
Posts: 13
Joined: Fri Sep 02, 2016 2:15 pm


Re: ma cross with stop and profit set by crossover candle

Postby leeh111 » Sun Apr 09, 2017 1:51 pm

thanks alot, ill test it out ;)
leeh111
 
Posts: 13
Joined: Fri Sep 02, 2016 2:15 pm


Return to Indicator and Signal Requests

Who is online

Users browsing this forum: Bing [Bot], Google [Bot] and 32 guests

cron