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Old 06-06-2006, 03:59 PM
powerbase powerbase is offline
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Third MA Suggestion

I have not had a chance to test the EA yet, but I have a suggestion for the third MA based upon my personal trading strategy. As we all know, trends tend to exhaust themselves and reverse as traders collect their profits and new positions are entered in the opposite direction. Thus, it would make sense to have a third moving average setting which would allow for a cross above the 3rd slow moving average to enter a short position instead of just a long position as I understand the EA has now. Therefore, when the price is above the slow MA and the 1st fast MA moves under the 2nd medium period MA, a short position can be enabled instead of just a long position. If, however, the fast MA gives a long signal above the 3rd slow MA, it can be disregarded as a potential slight retracement when this feature is enabled. The opposite would then be true for signals below the third MA. Just an idea based upon price action.
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