EMA Expert Advisor MT4

Description

EMA Expert Advisor MT4

Strategy Overview

• Indicator Used: Exponential Moving Average (EMA)
• Timeframe: M1 to H1 (1-minute to 1-hour charts)
• Minimum Deposit: $300
• Supported Currency Pairs: EURUSD and more

Trading Rules

1. Long Trades:
   • Condition 1: When the closing price is above the 200-period Simple Moving Average (SMA) and crosses from below to above the SuperTrend indicator.
   • OR Condition 2: When the closing price is above the SuperTrend and crosses from below to above the 200-period SMA.
   • Exit Criteria: Close the long trade when either the Profit Target or Stop-Loss is hit, or when the closing price crosses from above to below the 25-period Exponential Moving Average (EMA).
2. Short Trades:
   • Condition 1: When the closing price is below the 200-period SMA and crosses from above to below the SuperTrend indicator.
   • OR Condition 2: When the closing price is below the SuperTrend and crosses from above to below the 200-period SMA.
   • Exit Criteria: Close the short trade when either the Profit Target or Stop-Loss is hit, or when the closing price crosses from below to above the 25-period EMA.

 

How the EA Takes Trades

1. The EA monitors the closing price and calculates the EMA values.
2. When the specified conditions are met, it opens a trade (either long or short).
3. The EA manages the trade by monitoring profit targets, stop-loss levels, and EMA crossovers.
4. It automatically exits trades based on the predefined criteria.

Download the EA

You can download this EA from our website: https://yoforex.org/product/ema-expert-advisor-mt4/

Join Our Telegram Channel

Stay updated with our latest strategies and trading tips by joining our Telegram channel: https://t.me/yoforexrobot

 

Remember that trading involves risk, and it’s essential to thoroughly test any strategy before using it with real funds.

 

📈🤖Happy Trading 📈🤖