Hi,
Iīm new here and I have made up a system that I would try in a demo account inInterbankFX, but I donīt know how to do the EA for it. Can someone please help me on this?
Cable (charts=30 min)
RSI>50 and 5WMA>50WMA BUY
RSI<50 and 5WMA<50WMA SHORT
All orders are Stop And Reverse, except the 60 Trail Stop orders
60 TRAIL STOP
If trail stop gets activated then wait until next sign or:
- Buy if RSI>50 and 5WMA>50WMA and price>5WMA
- Sell if RSI<50 and 5WMA<50WMA and price<5WMA
WMA - Weighted Moving Average
Market: GBPUSD
I would like to know your thoughts about this system, and if someone could do the backtesting I would be very much apreciated, since I donīt know how to do it.
Thanks,
J Fonseca
Ps: By mystake I posted thison Custom Request