GEBA EA
Logic:
- Trend-Following:
- Uses a combination of fast and slow Moving Averages (21-period EMA and 89-period EMA) to determine the trend direction.
- If the 21-period EMA is below the 89-period EMA, the trend is bearish.
- If the 21-period EMA is above the 89-period EMA, the trend is bullish.
- Order Management:
- Opens trades only when there are no existing orders.
- Trades are executed based on the trend direction and additional conditions from the ADX and RSI indicators.
- ADX and RSI Indicators:
- ADX must be above the threshold (27) to trade, indicating a strong trend.
- RSI must be within specified bounds (above 30 and below 70) to avoid overbought or oversold conditions.
- Dynamic Lot Sizing and Martingale:
- Lot size is adjusted dynamically based on account balance and a lot size factor.
- Uses a Martingale strategy by increasing the lot size progressively as account balance increases.
- Profit Protection:
- Implements a fixed Stop Loss of 5000 pips and a Take Profit of 75 pips to manage risk and protect profits.
