Reply To: Description of Price Action Moving Averages Strategy

Forums Strategies and Expert Advisors Price Action Moving Averages EA Description of Price Action Moving Averages Strategy Reply To: Description of Price Action Moving Averages Strategy

#4695
DominikDominik
Administrator

Hi!

Current version of this published EA is based on counter-trend trading, but it is also possible to use similar algorithm and rules to the system which will trade with the main trend. I made 2 short videos (only 1 minute/each) to show you what I’m talking about. On the first video you will see current version of system (counter-trend):

https://youtu.be/RadWeGwQ9YY

On the second video is example of trading with the trend:

https://youtu.be/HSYj4gP92cU

On both examples has been applied the concept of Stop Loss trailing on Moving Average.

First video was made before I code to this EA parameter “Close_Order_When_Opposite_Engulfing”, so now it would take profits sooner than waiting for the SL on MA as you see.

Regards!