EMA_WMA v2 - expert for MetaTrader 5

EMA_WMA v2 – EA MetaTrader 5

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This EA is a further development of the first EMA_WMA version.

The position trailing function has been added in version 2.

Use two lines — WMA 8 and EMA 28.

  • When WMA crosses EMA from below — open upward position.
  • When WMA crosses EMA from above — open downward position.

Once the position is opened, set orders: Take Profit 50 points (from Open), Stop Loss 50 points (from Open + spread).

Tips

  • Trade using a fixed deposit size — 10% with a leverage of (1:100).
  • The system is not suitable for all currency pairs.
  • If the trend reversed and WMA crossed EMA in the direction opposite to the opened position — open a position in the direction of the trend, while closing the previous one (of course, the old orders should be deleted and new ones should be placed).

Input Values

  • EMA: averaging period – EMA parameter;
  • WMA: averaging period – WMA parameter;
  • StopLoss – stop loss value;
  • TakeProfit – take profit value;
  • Trailing Stop – trailing stop value;
  • Trailing Step – trailing step value
  • Risk – risk value used for position sizing.
Alternative:   Relative Strength Index (RSI) - indicator MetaTrader 5


EMA_WMA v2 – expert for MetaTrader 5
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