A One-Position Strategy Combining EMA, LWMA, and RSI

Summary

This brief description outlines an Expert Advisor built around two moving averages and the Relative Strength Index. One average uses exponential weighting and the other uses linear weighting; the author says those methods are central to the system and are not configurable. The EA evaluates signals when a new bar opens and allows only one open position at a time.

Signals reverse the existing position: a buy signal closes a sell, and a sell signal closes a buy. This design is described as compatible with both hedging and netting account modes. The text identifies the indicator components and position-handling rules, but does not specify signal thresholds, indicator periods, entry filters, exits beyond reversal, or risk controls. It supplies no backtest results or evidence of effectiveness, so the description is not enough to reproduce or evaluate the strategy fully.

Key ideas

• The EA combines an exponential moving average, a linearly weighted moving average, and RSI.
• It evaluates its trading logic at the opening of a new bar.
• It keeps no more than one position open at a time.
• An opposite signal closes the current position and reverses direction.
• The description omits indicator settings, risk rules, and performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.