MOMO Trend Following
Simple moving average crossover bot that works well in trending markets.
December 4, 2022
This bot/strategy is a simple moving average crossover strategy that works well in TRENDING markets. It works well for swing trading and day trading.
Trailing Stop added
If entry at $100 and trailing setting
If price moves to $105, the trailing stop will be triggered, EA will move the stop loss= 105-3 (trailing distance)=102.(stop loss will be $102).if price move to $107, EA will move stop loss to 104 (107-3)if price move to $107.2, new stop loss will be: 104.2, but the current stop loss is 104, new stop loss is 104.2, the distance between new stop loss and current stop loss is 0.2< trailing step (0.5)--> EA will not move the stop loss (still keep at 104)
if price move to 110, the stop loss will be $107.
Jan 1 2022 - Sep 30 2022