EMA_WMA v2 – EA MetaTrader 5

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.