Kiss of MA50 | Foreign exchange EA download-MT4/MT5 resources-MetaTrader 5 resources
He sets up the chart like this:
BB 50, 0.2
SMA 50
Relative Strength Index (30)
TF 1h
Whenever price is above SMA 50 and RSI(30) - bullish if price is below SMA 50 and RSI (30) - bearish
This is called the MA50 Kiss because every time the PA reaches the 50MA you decide whether to buy/sell
Take Profit or Stop Loss is set based on trendline breakouts.
Good luck!
Feel free to comment on your experiences and observations.
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Kiss of MA50 | Foreign Exchange EA Download - MT4/MT5 Resource Usage and Screening Suggestions
Kiss of MA50 | Foreign exchange EA download - MT4/MT5 resources are MT5 EA related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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