MA confirmed crossover and ATR SL

[vishnu]

Hi there ,

I have two problems :

1. I need a pending order (long) to be opened when EMA(5) crosses EMA(10) from below on a 15 minute timeframe. I need a confirmed crossover before opening a pending position ,
   meaning that when the MA crossover happens , the candle must be closed and the pending order must be opened in the next candle , 5 pips above the high of the previous candle.

But if my condition is : If EMA(5) *> EMA(10) , how do I make sure if it’s a confirmed crossover ? it could be in the middle of a 15M candle where a spike can cause the MAs to cross and then at the candle close , it’s not an actual crossover.

2. I need my stoploss based on ATR(14). Prior to opening the pending order , stoploss must go 1ATR below the low of the previous candle.

Thanks in advance.

[l'andorrà]

@vishnu I'm not sure I fully understand problem 1. Can you please upload an image showing what you need? For problem 2 please find the solution here:

https://fxdreema.com/forum/topic/9448/atr-for-stop-loss/3

[vishnu]

I've sorted out problem 1. Thanks for solution two. MT4 is prompting error messages saying invalid SL requested.

Here's what i want with my money management. 2% of my capital to risk , stop loss 1ATR below the low of the previous candle. Take profit 1.5 times my risk , which is 3%. I heard someone told if the risk is 2% then I have to key in 2000 in the money management column which indicates 2% , is that right ? As you can see from my image above , I just entered single digit 2. Is there anything else to modify ?

[vish]

@vishnu
Use price fraction