Alan Solarsh shows how to switch a forex EA from buying to selling by disabling the buy strategy, enabling a sell EA set to Short Only, and using an 8-period exponential moving average on the H4 chart to know when to switch back.
H4 (4-hour) chart.
The second candle opening below (for sell) or above (for buy) the 8 exponential moving average.
0.05 lots.
2021.
0.005 BTC.
Alan Solosh here, the passive income guru, in this video tutorial explains to you how to do strategy, part two of strategy one, which is knowing when to change your EA into a selling ea.
Right? So what you need to do is, is just check on your chart that the trend has changed. And. And as you can see, the second candle has opened below the 8 exponential moving average. So if you're in a buy position, what you can do is you can, you can now close out all your.
All your buy trades and now activate your sell ea. Okay, so what you would do is, is that you would right click on your buy ea. Right click on your buy EA over here, click on Expert Advisors, click on Properties, and then you can click on Common.
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Please go and do that step now.
Once done, you can come back to.
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Now. Where it says allow live trading, you can deactivate Allow live trading.
So please pause the video.
Please go and do that step now.
Once done, you can come back to.
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The next step is to click on the.
On the okay button.
So please pause the video, go and.
Do that step now.
Once done, you can come back to.
This video and resume the video now.
In the top right hand corner of your screen, your smiley face should have turned to a an unhappy face. Now I'm not doing that now as I'm not trading strategy one. Okay, so please make sure that if you are trading strategy one and your buy, make sure that your buy EA has now been changed to to an unhappy face.
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Do those steps now.
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The next step over here is to make sure that your you that your EA on your cell EA is connected okay, on this on the, on the cell chart. Okay, so what you can do here is you can right click on the Expert Advisor. You can click on Properties.
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Do that step now.
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On the Commons tab, please click on the Short Only.
Option under the Positions.
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Under Alive Trading, please click on the Allow Live Trading icon now.
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Please click on the Inputs tab and please input the lot size that you would use as per the calculator so you would just choose your your lot size as per your capital over here. So if your account is let's say $1,000 and it's a cent account, you would use a 0.05 lot size. So now you know what the lot size is that you need to use. So you would drop that into this section over here and you would Change that to 0.0.50.
So please pause the video go and.
Choose your lot size.
Now once done you can come back.
To this video and resume the video.
Next is you can please change your magic number to 2021.
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The next step is to save this the setting. You can say 0.1 strategy 1 part 2 and you can say not 0.01, it's not 0.01, it's 0.5. And then you can click on the and you can, you can put your buy or you can click on sell. At the moment we're in a cell. So please go and label your strategy now. And then you can click on the save icon so that when you do have the situation again you can just click on the load the template and then you don't have to go through.
This video every time.
So click on the save button.
Now I'm going to cancel because I'm.
Not using strategy Strategy one.
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Please go and do that step now.
Once done you can come back to.
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Now when you click on the OK.
Button I'm going to click on cancel.
Because I'm not using the strategy. So you can click on OK now.
So please pause the video.
Click on OK now once done you.
Can come back to this video and resume the video.
In the top right hand corner here you must have a smiley face of for your for your cell ea. So please make sure that you that your cell EA is activated and that there is a smiley face and your your EA will now start to sell with the trend. When the trend reverses. That means when There is the second when the second candle.
Opens above the 8 exponential moving average on an H4 chart. So here you can see here the the first candle is trended above the 8. This is the first candle that's opened above the 8 exponential moving average. And this is the second candle that's opened above the the 8 exponential moving average. This is when you would then switch off your cell EA and start your buy ea. So Please wait for that to happen. Once that happens, you can then change over from your sell strategy to your buy strategy. Okay, so that's the strategy and that's how you do it. And if you like this video, please continue watching and follow the rest of the steps.
Before you go. If you'd like to earn a little bit of bitcoin, I give away 0.005 of a Bitcoin every single Friday to a random subscriber. If you'd like to earn that, there's a couple of things that you need to do. You need to subscribe to my YouTube channel. And how you do that is you just mouse over the video that you're watching. And in the bottom right hand corner of the video is a YouTube icon. Click that icon now. So please pause the video, go and do that step.
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Below the video that you're watching on YouTube, you there is a subscribe button. So what you do is you click on that subscribe button and then next to the subscribe button is a bell icon. You can click on the bell icon. So please pause the video, go and do those steps. Now once done, you can come back to this video and resume the video. The next thing that you do is you need to give a thumbs up. And then in the comment section, which is over here, you can leave a positive comment with together with your bitcoin wallet address. Now you have to follow the steps exactly to be able to get that prize. So you need to subscribe, you need to hit the bell icon, you need to give a thumbs up, and you need to leave a positive comment with your bitcoin wallet address. Only then are you entered into the competition and are legible to win a prize if chosen. So if you want to win 0.005 of a bitcoin, I I highly recommend that you follow those steps and then you'll be eligible to win that prize. So good luck and I hope you win that prize. And if you do, remember to invest it in a passive income stream and I'll see you on the next video.
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