Page 44 - TakePropips Trading Management Solutions

P. 44

Create Your Own Strategy (No Code)

You can switch the main trading strategy used by the EA to generate trading signals. Create your own
trading strategy without having to write code or hire a developer! This will also allow you to automate
and test your own trading strategy.
You need to implement both the buy and sell strategies. It is recommended that both buy and sell
strategy have the same conditions and opposite direction.

Example Moving Average Crossover strategy – Buy condition when 20 EMA crosses above 50 EMA and
the RSI must also be below 50. The sell condition will be the opposite of buy signal.

To begin: Select Moving Average as your Condition 1 and a dialog box will appear. Make sure the setting
is set for 20 EMA. Then select “Crosses above” as your operator and select Moving Average again as
your value (50 EMA).

Add new condition and select RSI as your Condition 2. Select “Less than” as your operator and select
rd
“Value” on 3 column. Set the value as 50.
Make sure to set the sell strategy as well but do the opposite of the buy signal.
To open this dashboard, you can click the “Switch Trading Strategy” button to bring up the Trading
Strategy Management panel, and from there, you can click the “Custom Strategies (No Code)” button
and then click the “Edit” button for the strategy you want to modify.

39 40 41 42 43 44 45 46 47 48 49