MA Cross with Exit EA
Logic:
- Moving Average:
- The EA uses multiple moving averages (MA1, MA2, MA3) to determine trade entries and exits. It triggers trades based on the crossing of MA1 and MA2.
- A Buy Order is triggered when MA1 crosses above MA2.
- A Sell Order is triggered when MA1 crosses below MA2.
- Exits are based on the crossing of MA1 with either MA2 or MA3 or hitting a predefined Take Profit or Stop Loss level.
- Trend-Following:
- This EA follows the trend by using moving average crossovers to identify the direction of the market and trade accordingly.
- Order Management:
- Manages trades by setting specific stop loss and take profit levels. It also includes logic for trailing stops to secure profits as the market moves favorably.
- The EA limits the maximum number of open trades and enforces a minimum wait time between trades to avoid overtrading.
- Scalping:
- The EA is designed for quick trades, with relatively tight stop loss and take profit levels, making it suitable for scalping strategies.
- Dynamic Lot Sizing:
- The EA can automatically calculate the lot size based on account equity and risk percentage, ensuring appropriate risk management for each trade.
