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$250.00 Fixed Price
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2SMA Management

trend following strategy using 2 MAs and trade management.

The EA needs to look for closes above or below the trend indicator to set entries. Pyramiding can occur after a retracement followed by a close above or below the Entry indicator. The EA then needs to monitor for a primary entry in the other direction and size accordingly to cover the open trades.

When BUY trade(s) should be opened?
Primary long

Place 2 buy stop orders of 1 lot* each when price closes over Trend indicator (Buy1.png). Entries placed at high + 3pips +

spread. Expire in 2 bars.

Secondary long (pyramiding into trend)

Place 1 buy stop order of 1 lot at high + 3 pips + spread (expire in 2 bars) when price has moved and closed below the Entry

indicator but then closed back above it later.

See secondary buy entry on chart pic Buy1.png.
When SELL trade(s) should be opened?
Primary short

Place 2 sell stop orders of 1 lot* each when price closes under Trend indicator (Sell1.png). Entries placed at low – 3pips.

Expire in 2 bars.

Secondary short (pyramiding into trend)

Place 1 sell stop order of 1 lot at low -3 pips (expire in 2 bars) when price has moved and closed above the Entry indicator

but then closed back below it later.

See secondary sell entries on chart pic Sell1.png.

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