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(Share) EA Based On Bill Poulos Ignition System

vendredi 15 juillet 2016
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Indicators Required:

5 EMA
ATR
40 SMA

Any TF

Long Entry Rule:

40 SMA Must Be Moving Up, 5 EMA Must Be Above 40 SMA and Moving Up, Candle Must Dip (Not Necessarily Break) Below 5 EMA and That Is Our Entry Point To Go Long

Short Entry Rule:

40 SMA Must Be Moving Down, 5 EMA Must Be Below 40 SMA and Moving Down, Candle Must Dip (Not Necessarily Break) Above 5 EMA and That Is Our Entry Point To Go Short

Position Sizing, SL & TP

SL: should be configurable, but maybe an option for SL = 40SMA +/- ATR Level?

TP1: At ATR Level
TP2: SL is moved to Break Even, 2nd TP is designed to capture bulk of remaining trend and should close when trend ends (I could do with some advice here, maybe when 5 EMA crosses, or trailing stop or something?)

He Also Uses The ADX for trend confirmation but I've no real experience with it so if you can help that would be great!
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(Share) EA Based On Bill Poulos Ignition System

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