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two conditions for opening long.
MACD 3,11,2 is positive (above the zero line)
Close is higher than EMA2
two conditions for opening short.
MACD 3,11,2 is negative (below the zero line)
Close is below the EMA2
the conditions for closing the positions is the same for opening the opposite direction so it reverses. Not because I think this is the best way to do closings but because that's all I could think of to do with the utility.
I would like to see these opening rules followed up with a trailing stop loss and a take profit target option. It also needs a limitation to only be engaged in one trade at a time so it doesn't throw multiple orders each bar, just execute the order in the direction of the position the first time the conditions are met and then wait for that to close before executing another order. I would like to see this made so it can run and test on all timeframes. I would like to see a feature to sideline the program during specific hours of the day and have it active during certain hours of the day as many times on and off as the user defines. I would like to be able to change the periods of the MACD around and the periods of the moving averages used for the cross. In this case the two moving averages are a 1 period simple (the close) and a 2 period exponential. That should be able to be changed to allow any two moving averages to be played off. I really like the Hist_StepMA_Stoch_KV1_Ex_03.mq4 MACD but the build utility didn't have it offered it's custom and I didn't know how to get the utility to upload it.
I'd really like to see the CatFX50 system built similarly into an EA with these added features. The goal is a trending system based on price movement that is able to be changed around to find what's the best combination of periods and timeframes.
I would like to see a parameter to allow the user to rollover into the next position a user defined percentage of the account each time and have it just automatically decide how many lots that is so the user can manage/stabalize/hold constant the margin at risk. I'm open to any other idea to maximize and optimize it but I think that if just this much would be done it would be a great tool. I'm not aware of any other trending EA right now that does this much. Correct me if I'm wrong.
Last edited by Aaragorn; 06-14-2006 at 05:20 AM.
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