Ema Angle Trading Script, Moving averages Forex

General Information

• Script Name: Ema_Angle_Trading
• Version: 1.00
• Developer: Forexgoods.com

Configurable Inputs

• TakeProfit: 0
• Lots: 0.12
• StopLoss: 200
• TrailingStart: 5
• TrailingStep: 5

Key Features

• Magic Number: Dynamically generated based on the current date and time.
• Angle Calculation: Uses moving average angles to determine market trends.
• Trailing Stop: Automatically adjusts the stop-loss level to secure profits.
• New Bar Detection: Identifies new market bars for precise trading signals.

Buy and Sell Conditions

• Buy Conditions:
  • Angles of multiple timeframes (M1, M5) above thresholds.
  • Ask price above last price and open levels.
  • Closing prices confirm bullish trend.
• Sell Conditions:
  • Angles of multiple timeframes (M1, M5) below thresholds.
  • Ask price below last price and open levels.
  • Closing prices confirm bearish trend.

Order Management

• Buy Orders: Opens orders when buy conditions are met.
• Sell Orders: Opens orders when sell conditions are met.
• Trailing Orders: Manages existing orders by adjusting stop-loss dynamically.
• Close Orders: Closes orders based on specific conditions.

Safety Features

• Ensures sufficient free margin before opening orders.
• Trailing stop logic secures profits as price moves favorably.

Key Calculations

• Moving Average Angle: Calculates angles to assess trend direction.
• Min/Max Values: Determines highest and lowest market values for calculations.