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