GMMA Breakout

GMMA indicator.

Rules:

When the short MAs and Long MAs are separated (No long MA crossing with short MA), and a candle opens above all the MAs and closes Below all the MAs without any long MAs crossing with short MA.

Then place a buy stop 5 pips (adjustable) above the high of the piercing candle and a sell stop 5 pips (adjustable) below the low of the piercing candle.

Stop orders disappear after 60 candles (adjustable)




Entry/exit 


If the buy stop is hit, place stop loss 5 pips below the low of the piercing candle
If a candle closes below the buy stop, then the buy stop resets until the 60 candles have passed.

If Sell stop is hit, place stop loss 5 pips above the high of the piercing candle
If a candle closes above the sell stop, then the buy stop resets until the 60 candles have passed.

Set take profit by ATR (adjustable)

Trail by ATR (adjustable)


*Full product must be delivered after payment.*