14 EMA Candle Break Strategy
Prompt
You are to develop an automated trading strategy for a MetaTrader platform that operates on a 1-minute (M1) chart timeframe. The strategy must adhere strictly to the following rules: - Enter a BUY trade when all these conditions are met: * The current candle is green (Close price is greater than Open price). * The candle's low price is strictly above the 14-period Exponential Moving Average (EMA), with no touching. * The current price breaks above the candle's high. - Enter a SELL trade when all these conditions are met: * The current candle is red (Close price is lower than Open price). * The candle's high price is strictly below the 14-period EMA, with no touching. * The current price breaks below the candle's low. - Before opening any new trade, close all existing trades in the opposite direction. - Trade volume is fixed at 0.01 lots. - Take Profit is fixed at $2 per trade; do not set a Stop Loss. - The strategy must run and make decisions on every tick using the 1-minute chart data. Please provide clear, well-commented code for this strategy, specifying the platform (e.g., MQL4, MQL5, or other) if applicable. Additionally, include a brief explanation of how your code fulfills each of the above requirements.
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