The SmartAssTrade-V2 Forex Expert Advisor - expert for MetaTrader 4

Description:

The SmartAssTrade-V2 Forex Expert Advisor (EA) is a new update for SmartAssTrade EA Version 1 (old version) in Code Base MQL4.

SmartAssTrade-V2 EA Only working on M30 Timeframes or PERIOD_M30.

If used on other timeframes may be lost.
 

Trailing Stop EA - expert for MetaTrader 4

Description:

The TrailingStop EA manages an open position with a trader supplied Trailing Stop. If the trailing stop is less than the allowed stop, the EA changes it to the allowed minimum stop.

Trader can run the EA on any chart even if the ticket number (s)he supplied is for a different symbol.

                                                  Download here

Murrey Based EA - expert for MetaTrader 4

Description:

This expert is based on murrey lines and stochastic oscillator, EA is not yet 100% profitable but mainly is good.

    Oversold occured when price breaked level 8/8 and stochastic >70  and target level 6/8;
    Overbought occured when price breaked level 0/8 and stochastic>20 and target level 2/8.

I developed some other algorithms not yet tested but with good logic.

You must download murrey template before using EA to understand the functionality.

If you do not know what is murrey please view this link: https://www.instaforex.com/forex_indicators/murrey_math.php
Recommendations:

View also backup files cz maybe my last code contain some errors

Test it on strategy tester on M30,H1 & H4 for EURUSD mainly and GBPUSD.


                                                  Download here

TrendCollector - expert for MetaTrader 4

Description:

TrendCollector is the EA based on price action, Stochastic indicator, specific EMA's (206) crossings, and trade size variability based on ATR and time of a day.

It is also watching for the price position with regard to 204EMA and distance from this EMA.

This EA is also using the fundamental news avoidance system based on parsing news from "http://www.forexfactory.com/ffcal_week_this.xml" feed.

Recommendations:

    This EA can be scaled for both small (100USD) and big accounts

TODOs:

    Implement zone recovery algorithm in case of trades going against the open position.

                                                   Download here

News Expert Advisor (no indicators) - expert for MetaTrader 4

this ExpertAdvisor trades on a high volatile news movements, and not uses any indicators.
The idea of this robot is that stop orders in discrete-time moving at a given distance from the current price.

If the price is rather abruptly slid to one side then EA simply does not have time to move the order and it becomes a market.

Further included trail orders.
                              
                                        Download here

Universal configurable EA with include indicators inside. - expert for MetaTrader 4

Description:
Configurable ExpertAdvisor along advantage of professional EA.

This is my own best EA, in the main lines can be set up many things however,  currently is not profitable much so i hand it to you too, to edit its functions and select tradings style.basic things are complete, insert method based on results of included indicator information.

It needs only modify for check trade situation from information inside of EA indicators, only after that will be profitable.

and thanks if anyone do it.

                                       Download here

Simple Scalping EA - expert for MetaTrader 4

Description:
Very simple scalping ExpertAdvisor with no Indicators.logic is based on very fast price movements.

Here is my scalping ExpertAdvisor idea works most of the time but it needs to be better programmed.

If someone can help to modify it.
it can be used on many pairs at the same time.
Idea is very simple, no indicators at all.
it keeps updating BuyStop and SellStop orders with every price movements.
And when the market becomes heavy or news it would nott get a chance to get updated quick, which means very fast price movement in one of the directions. This practically guarantees 10-15 pips movement.
If some buddy can help me to code it properly it would be very cool robot For the last 3 month i have a ratio of this working 4-6 wins vs 1 loss.and i noticed the loss mostly because i programmed wrong, Stop Loss should be adjusted to 5-7 pips if broker allowed works fine on Alpari US,
For some reason and i cant identify the problem after executing the order it may not send another order till i disable and re-enable EA, gotta be a bug somewhere. Would appreciated help.
oops, One more thing, i used the coding template from IBFX scripts and modified for my own use.

Thanks for the Help, 

                                           Download here

SpreadProbe - expert for MetaTrader 4

Description:
All forex brokers make money from the differences between ask and bid prices or called spreads, which are the full cost of trading for a trader,

It is critical for a trader, specially a day-trader to trade with a broker who provides low spreads among other things. However, the reality is that spreads usually vary through the day, and brokers usually do not provide as tight spreads as they advertize or promised. the question is how to find out if your broker is honest or compare spreads among brokers?
Here, SpreadProb is designed to do the benchmark for you.

The result is saved in a file in "experts\files" folder. It contains 3 columns: start time, end time, average spread of the interval. By default the interval is set to 15.




                               

                                           

exp Lego 4 (Beta) - expert for MetaTrader 4

A nice expert adviser, designed for making own simple strategies.

Now needs something like pending orders and trail stop for snippets.but it's also possible to use scripts,replace order to pend one or launch own trail with Swiss Army
Everything else is available... MM ,12+8 indicators, easy change of requirements for indicators etc.Pend and trail may be added as scripts.everything else is here...:)

                                               

e-PSI@ManagerTrailing_v.2.5 - expert for MetaTrader 4

Description:
The purpose of the EA support orders.


First lets define what orders?. Filtering can be performed by Magik (MG): > 0 - every; 0 - open manually; > 0 - open a specific adviser, then we can choose a list of characters with whom to work EA  (List_Symbols) (characters put this through, 'without gaps, if you leave this option blank Advisor will work with any character) and then put Only Current Symbol = false.

Determine which orders will work EA, further define its task by identifying with what 'dimension' to it to work - Value In Currency (or currency deposits or a percentage of the depot), then:

TrailProfit_ON - inclusion of trailing total profit;
TakeProfit_ON - inclusion Take total profit;
StopLoss_ON - the inclusion of foot total profit;
PartClose_ON - a partial closure orders;
N_Trailing - is trailing (only orders of the current character) to choose from 0 to 11 (library trailing).
What else you need to consider when working with EA: if enabled Trailing profit and total profit value of the selected orders exceeded the threshold of this very trailing, then the partial closure orders, and "personal" trailing WILL NOT be!

                                                 

qFollow EA - expert for MetaTrader 4

Description:
This EA implements a trailing stop buy and a trailing stop sell. It places an order above the price and below the price. The sell stop order will fall with the price, the stop sell order will rise.

This expert advisor is used to manage a break out. You can place either a sell stop under the price or a sell buy above the price or both.

The sell stop order will be executed if the price falls below the trigger price. If the price rises, the trigger price also rises.

The buy stop order will be executed if the price rises above the trigger price. If the price falls the trigger prices falls also.

The trigger price starts with a distance from the price, for example 50 pips.

This expert advisor is not a trading system by itself, it is a tool which can be very profitable in some cases.

For example:

Set it up before a news comes out.
The price is in a triangle and we know it will break out either long or short
The price is falling without any reason, in this case we place a stop buy which falls also.

                                

Time trader - expert for MetaTrader 4

There are several theories out there about market movements at certain times e.g. during opening of trading for different currencies etc. This trading robot is designed to do just that and can be used for unlimited time related strategies that involve scalping, hedging or long term trades. The EA can also be used to discover time based market behaviour that is not readily detectable using meta trader 4 strategy tester in your mt4 terminal making it a crucial add on to your terminal.

Note: The time setting on the expert advisor should be based on the time on your meta trader terminal and not the time on your computer. Take for instance where you are located in country x and your broker's MT4 terminal is showing GMT time then set the trading time based on GMT not your country's. Alternatively just use strategy tester to find the best settings that will hold as long as you use it on the same broker you used to strategy test.

                              

Renko Scalper - expert for MetaTrader 4

EA achieved best results on Renko Chart.


Renko Chart is not mine but I used it to write EA on it.


EA can trade every pair but I got best results on GBP/USD and EUR/JPY.


I'll appreciate any comments.

                                    

Geedo - expert for MetaTrader 4

Description:
                   Geedo is for all pairs.and best timeframe is 1H..good luck..!!

                                                  

Description:
This Expert Advisor is based on 3_Level_ZZ_Semafor indicators. The best timeframe is M5.

Buy will closed automatically if the Sell signal is already visible and Sell will be closed automatically if the buy signal was visible. EA is without a trailing stop.

                                   

Expert Advisor 3 Level ZZ Semafor - expert for MetaTrader 4

Description:
This Expert Advisor is based on 3_Level_ZZ_Semafor indicators. The best timeframe is M5.

Buy will closed automatically if the Sell signal is already visible and Sell will be closed automatically if the buy signal was visible. EA is without a trailing stop.

                                              

Sophia1_1 - expert for MetaTrader 4

Description:
I just started to work with programming in MetaTrader 4, my first program was to modify a program already did (Ilan1.4). I changed the logic input market. When you have 3 candles of the same color with in a market in the opposite direction. The management of the position is with trailingstop and Martingale.

                                                  

Hedge Expert Advisor - expert for MetaTrader 4

Description:
It is an expert advisor like a scalpper wich take two symetrics position and close the lost one when the spread of the other is reach and hope that the cots do not go in th other side once a position close, that's why the win position is closed as soon as possible...

Advices will be welcome!

                                          

Multi Levels Trend Expert Advisor - expert for MetaTrader 4

The author is researcher who is studying the stock and FX market for research purpose. The EA has been backtested from July 1, 2011 to Jan 13, 2012 on EURUSD. It has managed to turn $10,000 to $59,294, but there is no guarantee past performance will be indicative of future results.

Description:
This expert advisor is based on the concept that market does not move always in one direction. Even when the market is trending in one direction at some points it pullback. Usually the pullback is due to strong support or resistance levels or the dominant traders decided to take some profit, which usually force the market to move in the opposite direction for some time. The EA makes use of this reverse move. As expected, the EA performs better when it is trading in trend direction.

The EA works as follows:
If the MA(34) on the Day chart is turning up the indicators opens a Buy trade and vice versa. If it moves in the trend direction, the EA closes the position as specified by the take profit (TP) parameter. The default is 60 for 4 digits brokers and 600 for 5 digits brokers.


In case the market moved opposite to opened trade direction, the EA will open another position in the same direction of the previous trade at -600 (-60pips) with the same lot size. If the market moves in the trade direction, both trades will be closed at TP target of the last trade. This will be repeated for the next level, but with a lot size of 2, 4, and 8. If the intial lot size is 0.1 for example, the lot of the next levels will be:

Level

Lot size

0

1 x 0.1 = 0.1

1

1 x 0.1 = 0.1

2

2 x 0.1 = 0.2

3

4 x 0.1 = 0.4

4

8 x 0.1 = 0.4


The EA uses many paramters. The most importants are:

TP: Take profit. If your broker is using 4 digits the default should be changed to 60 instead of 600.

DP: This represents the timeframe. The default is the day timeframe which is 1440. You can add the EA to any chart. However, it will use DP to specify the timeframe for its MA.

MAP: Moving Average Period. The default is 34.

MaxTrade: The maximum number of trades the EA will open in the same direction.

TradeType: if 0 the EA will follow the MA direction, 1 to force the EA to open buy trade, and 2 to force sell trades

Recommendations:
The best use of this EA when combined with other indicator such as moving average, Bollinger Bands, Support and Resistant levels. You can shift from TradeType 0, 1, or 2 according to the indicators.

Use the appropriate lot size that meets your money management.

UPDATE: Version 2

The attached updated MLTrendE V2 allows trades to set few more parameters that are:

maReversal = true/false. If true, the system will be trading using EMA(500). If price crossed below EMA(500) going up, the system will close any sell position and set TradeType to 1. If the price crossed the EMA(500) going down, the system will close any opened buy position and set TradeType to 2. It is recommended to use this parameter with H1 timeframe and can be back tested using open price.

allowSL = true/false. You need to set maReversal to false in order to use allowSL. When allowSL is set to true, the system will use the original multiple levels system and implement a stop/loss on the last opened position. When the last opened position reaches SL, the system will close all positions at all levels and reverse the trend by setting TradeType. With allowSL, you need to set two more parameters that are SL and MaxTrade. When allowSL is true, you can back test the system only using every tick.

                                   

EA with sounds - expert for MetaTrader 4

Description:
This EA is based on the 10 SMA moving average and another things which could be better - It also make sounds according to the context.

                                           

Wipeout - expert for MetaTrader 4

This expert advisor closes all open orders when total cash profit in the account is a certain value set by the input "WhenProfitIs". Please report any bugs you find so we can improve it.

                                        

e_OnMA_004 - expert for MetaTrader 4

Description:
EA is based on 2 MA (High and Low). Long position will occur when Ask > MA(High) and Short position - when Bid < MA(Low)

                                        

Close at Profit - expert for MetaTrader 4

Description:
CloseAtProfit is an EA that I use only to close orders after defined profit, or loss, you can define if to close only trades on current symbol or to close all orders on all symbols, to close only opened trades or also delete pending orders.

I am using it in live trading. I have closed with it more than 200 trades at once, without any problem. The speed of closing depends on time when it trades, on broker you are using and symbols you are trading.

INPUTS:
useProfitToClose = true; - if it is true the EA will close trades when the profit is greater than defined profit to close;
profitToClose = 20; - the defined profit in account currency, when close trades;
useLossToClose =false; - if it is true the EA will close trades when the loss is greater than defined loss to close;
lossToClose =100; - the defined loss in account currency, when close trades;
AllSymbols =true; - if it is true the EA closes trades on all symbols, if false- only on current symbol where EA is attached;
PendingOrders =true; - if it is true the EA closes also pending orders, on all symbols or current symbol depends on AllSymbols setting;
MaxSlippage = 3; - maximal allowed slippage in pip;
showMenu = true; - if true, EA shows on graph information about open trades, lots and profit;
menuColor = Yellow; - color of menu text;
variablesColor = Red; - color of variables;
font = 10; - font size;

                                           Download here

ZigZag For Long Term - expert for MetaTrader 4

Description:
This Robot has been generated using Molanis Strategy Builder ..This is not Promotion :D

This Robot uses the default zigzag indicator from MetaTrader with a few changes (ExtDepth = 150, ExtDeviation = 5, and ExtBackStep = 3 )

This Robot is very good FOR LONG TERM not for Short Term (Next Time I will Upload EA Zigzag for Short Time (Scalping)) God Willing :D
If you are a "Day Trader" or "Scalper" is not suitable to use. This Robot uses 5000 pips durability of your money and uses the "Percentage of Risk" 20%

for Example : your balance $ 1000 = 0,2 lot, balance $ 500 = 0,1 lot, Use Trailing Stop = 50, Maximum Order = 10. Use M15 for the Best Result

Have A Great Day..

                                           

LotScalp - expert for MetaTrader 4

Description:
LotScalp EA scalper, incredible 1430% = last year!!!

We started with 1 000$ and now we have 13 410$

TP only 5 pips!

                      

Batman V1.0 - expert for MetaTrader 4

Description:
This EA is Based On BAT Strategy With some Modifications. It will Enter Position on Breaks of Lows and Highs, If the break was correct then we'll see our TP, If Not it will try to add Offset Depending on Orders input parameter, on every breaking of a low or high it will close all positions, so we don't need to set a stop loss, it will close all by changing the side.

The takeprofits are calculated static(Static_SL) or automatic by entering a fibo level in input parameters, (you have to set Static_TP to a negative(-) value like : -10 )

You can set the Number of offsets by changing Orders value, You can also change the lot multiply by changing LotExponent.

I have good results both on demo and real forwarding.Please try on demo first.

Install BAT.mq4 in indicators folder of metatrader, and Install Batman-EA.mq4 in experts folder.


Recommendations:
it's better to use that in higher Time Frames
If you want to use it on a lower time frame you have to optimize EA for a shorter period like everyday
it's better to optimize these parameters (not all of input parameters): ATRPeriod,Factor (from 1 step 0.1 to 2),Static_TP (from -1 step 1 to....),Orders)

                                       

Time trader v1.1 - expert for MetaTrader 4

There are several theories out there about market movements at certain times e.g. during opening of trading for different currencies etc. This trading robot is designed to do just that and can be used for unlimited time related strategies that involve scalping, hedging or long term trades. The EA can also be used to discover time based market behaviour that is not readily detectable using meta trader 4 strategy tester in your mt4 terminal and also to time movements from expected news releases making it a crucial add on to your terminal.

Note:
The time setting on the expert advisor should be based on the time on your meta trader terminal and not the time on your computer. Take for instance where you are located in country x and your broker's MT4 terminal is showing GMT time then set the trading time based on GMT not your country's. Alternatively just use strategy tester to find the best settings that will hold as long as you use it on the same broker you used to strategy test.
                                  

MMT - expert for MetaTrader 4

Description:
It is a Malty order Placer(4 LIMIT and 1 INSTANT). and good performed EA. It Works With THE Co-ordination of Different Moving Averages.

Features of the Expert Adviser:-

Default Risk factor 0.02/1000
Inputs Account Take profit You can Set your account Profit Range. EX : Your account Balance is $1000 and you Set the Account Target To $1100 after some trading if Account Equity will Gone to More then $1100 . MMT will close all the Orders and EA Goes to sleep Mode automatically.
Inputs Lots Minimum This feature provides you to set Lot Minimum size . if Order closing in lose Continuously Or You are not satisfy with Lot default Volume. Then You will set the Lot Minimum Size whatever you want.
Inputs Lots Maximum This feature provides you to set Lot Maximum size. if Order closing in Profits Continuously You don't want High Volumes of Lot size then You will set the Lot Maximum whatever you want. (Lot Maximum is More than Lot Minimum Must ). Then EA will Controls the Lot Highest size to your quoted size.
Inputs Order2Pips (MMT) will Place 5 Orders Totally Per Attempt. 1st Order is Instant Order at Current Rate and Remaining 4 are Limit Orders. In that Process, By default, from 2nd Order will place distance with the (Order1 into Open point )+(Order2Pips into Pips) Ex: Order1 is executed @ 1.3533 then second order places as a limit order @ 1.3533 + 7 = 1.3540 * Point If you want the distance between the Orders You will change what ever you want.
Inputs Order3Pips This Feature also Just Like 5th Point
Inputs Order4Pips This Feature also Just Like 5th Point
Inputs Order5Pips This Feature also Just Like 5th Point

                                                   Download here

metatrader ea - expert for MetaTrader 4

Description:
I developed this EA to keep pictures of my orders, i.e. to publish or explain them, or to see if something strange happens... when I'm not in front of my MetaTrader

The use is very simple, you launch the EA on the graph or on every graphs you operate, and it takes the pictures

You can easily take the 2 functions takePics() and print() and include them in your EA to take the images every time it opens or closes an order, to check errors or for your recording

In backtesting, the pics are saved in TESTER\FILES directory, in real or demo they're saved in EXPERTS\FILES

27/02/2012: This is an update that DOESN'T PRINT MESSAGES on the graph and it counts only already open BUY and SELLS, not the STOP/LIMIT orders

                       Download here

News Trader EA - expert for MetaTrader 4

Description:
This EA is supposed to trade news and high market spikes.

Every trader knows that when something BIG occurs volumes increase significantly.. so i coded an ea to basically trade volume spikes. The EA will detect trend with a CCI and a candlestick filter. The EA will also use CCI to avoid overbought and oversold situations and will not enter the trade too late.

How to use the EAs:

Let' s say that at the beginning of the week you think that the EURUSD will face a difficult week.. so you open a EURUSD H4 chart window and attach the Volume EA sell to the chart

Otherwise you attach the Volume EA buy.

Let's say you are uncertain. You open two H4 windows and attach both EAs.

To improve/to do:

Because i am not an expert coder i don't know how to join the two eas, and to add a function filter to just sell or buy.. some help will be appreciated. Also, I know that the code has some bugs, specially in the trailing stop section.
The EA has a timeclose function, but does not have a true stoploss. I have not added a proper stop loss function because i don't know how to set a valid stoploss with a ECN broker. i will be glad if someone can code this too.
If you have a good idea to further improve the code please submit it, everyone is welcome.

                                              Download here
                                          

Pure_Martingale - expert for MetaTrader 4

Description:
This is a Martingale system that has random entry, you can program your own entry like you want for better results.

I was focused only on martingale system, not only the lot size is rising but also the take profit distance, so you can withstand more consecutive losses.

To work properly set the account History in terminal to show all history.

Input parameters:
Martingale settings:
sl_tp = 20; - stop loss and take profit in pips;
lotsMultiplier = 1.5; - lot multiplier, if a trade was loss the next trade lot size will be lotsMultiplier times larger;
distanceMultiplier = 1.5; - take profit and stop loss multiplier, after a los trade the take profit distance is distanceMultiplier times larger;
Lots = 0.03; - the lot size in first trade;
MaxSlippage = 3; - the maximall allowed slippage in pips;
magicNumber = 1212123; - special number to avoid colliding with another EA or manual trades;
Trading Hours:
useTradingHours = false; - if it is true, the system opens trades only in defined time;
StartTime = "06:00"; - start time of trading;
StopTime = "18:00"; - end time of trading;
GMT_Offset = 0; - GMT offset;
Trading Days:
Monday = true;
Tuesday = true;
Wednesday = true;
Thursday = true;
Friday = true;
Saturday = true;
Sunday = true;
View settings:
showMenu = true; - if true, EA shows on graph information about open trades, lots and profit;
menuColor = Blue; - color of menu text;
variablesColor = Red; - color of variables;
font = 10; - font size;

                                      Download here

Candle trader v1 - expert for MetaTrader 4

Description:
This Expert Advisor uses candlestick signals to trade.

When semi automated it can achieve great results.

We recommend only enabling it when the market is trending. The EA is great for both scalping and big tp strategies depending on chart timeframe used.


                                               Download here

Martini - expert for MetaTrader 4

Description:
Advisor was created at the request of one of the members of our forum (see details in Russian).

The Expert Advisor has lot increasing feature, but it cannot be called as a "pure" Martingale, this EA really comes out flat, that Martin was not given to many.

Please express your thoughts here doubts and options for improvement. But do not create statements like "Martin's bad." without without checking the EA at least in the demo and understanding of its work.

Inputs:
extern int Step = 10;
extern double ProfitClose = 1.0,
lot = 0.01;
extern int slippage = 3 / / The maximum deviation of the price for market orders (orders to buy or sell).
magic = 0, / / ​​magic number order. Can be used as a user-defined identifier.


                                                  Download here

Autostop - expert for MetaTrader 4

Description:
Autostop automatically sets a pre set take profit and stop loss on all orders that lack the selected stop(orders without sl/tp or both).

This enables quicker opening of orders especially if you use a common take profit, stop loss or both for all orders of a current pair. You only need to open orders without having to calculate your stops and no matter how many orders you have opened the EA will set stops for you as long as you have attached the EA on the currency pairs chart.

For pending orders the EA will wait until they open then it will set the stops using the distances you had set on the EA.

     
                                   Download here

Emagic - expert for MetaTrader 4

One of my first proper EAs and work in progress :P

an EA that opens an order in the direction of a customizable macd signal and ema close/ema open cross

ive included money management or fixed lot size

if money management is chosen you can select max lots and min lots - i included that cause when im testing i like not to be stopped out when my broker doesnt support some kind of lot size. atm im using a microlot account with a max of 0.5 lot and 4 digits. i have tried to make it compatible with a 5 digit acct. only thing is the percent risk for a 5 digit acct you have to write 0.3 to get 3 percent risk.

I have made all the indicators customizable for testing.

can enable or disable mail. when enabled it sends a mail to you when it opens an order.

I have found good results on 4h eur/usd with a 40/50pts SL and im using trailing stop of 11pts only cause thats the smallest stabile ts i can make with my broker - they support 8pts ts, but in a fast moving market it could fail.

Ive included a magicnumber but frankly i havent tested it properly yet.

atm im forwardtesting it on a real microaccount.

Hope you like it and feel free to feedback here :P

Cheers.


                               Download here

MACDcrossAUDD1 - expert for MetaTrader 4

Description:
This robot trades AUDUSD only using daily chart only.

It does not make another trade until an existing trade closes either with stop loss or with take profit.

It enters a trade only when MACD crosses during peak hours (5:00-15:00).

The order is made with 40 pips stop loss and reward ratio 3.
             

                                               

Line Order v. 3 - expert for MetaTrader 4

Description:
This is EA is to help manual traders by being able to set out their trading plan on the graph and adjust accordingly. At this time the EA doesn't support adding lots to a trade for to do that currently would involve closing the trade and re-opening as a larger one. The EA does however support the use of indicators for multiple uses including trailing stops. The EA also supports changing the values at certain levels, ie. it will move the trade to break-even at a specified level.

If there are any suggestions, I will try and include them so just message me. I want this to be the manual trader go to tool, I am currently using it for my own trading but as always try it in Strategy Tester or Demo account first.

                                        Download here

MAC-Fibo EA - expert for MetaTrader 4

Description:
NOTE: Trade on real account at your own risk. This EA is not profitable in long term.

EA based on MACFibo trading strategy. Indicator is here.

More details about this strategy can be found here.
SHORT SIGNAL:
When 5EMA crosses 20SMA down:
Draw 2 points as below:
POINT A; Candle close price that confirmed the downside crossover
POINT B: highest price of the current wave prior to the crossover,
Profit Target: @ 161.8 fibo level
Stop Loss: maximum 38.2 (minimum @ 78.6) based on your risk appetite.


Long SIGNAL:
When 5EMA crosses 20SMA up:
Draw 2 points as below:
POINT A; Candle close price that confirmed the upside crossover
POINT B: lowest price of the current wave prior to the crossover,
Profit Target: @ 161.8 fibo level
Stop Loss: maximum 38.2 (minimum @ 78.6) based on your risk appetite.
Exit mechanism for losing trades, if stoploss yet to hit: if 5EMA cross 8SMA in direction opposite of your open trade.