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Hello all, I’ve been reading this with great interest, mainly because of your use of GMMA techniques. I think I may be able to contribute, though the code would need to be converted from C# to MQ4.
There is an indicator called “GA Separation” in Omnitrader that calculates and shows the degree of separation between 3 EMA’s. I find it very useful – if the GASeparation is trending down on both short term and long term MMA’s then that’s a Short entry (vice versa for Longs).
There’s more logic in it, but see if anyone thinks this is worth pursuing (in this thread) before going any further.
I was trying to post a screenshot below, however seems my account isn't enabled for posting attachments or pictures yet... can anybody ask an Admin to enable me?
– red rectangles indicate where the two GASep indicators would line up a sell signal.
Hello all, I’ve been reading this with great interest, mainly because of your use of GMMA techniques. I think I may be able to contribute, though the code would need to be converted from C# to MQ4.
There is an indicator called “GA Separation” in Omnitrader that calculates and shows the degree of separation between 3 EMA’s. I find it very useful – if the GASeparation is trending down on both short term and long term MMA’s then that’s a Short entry (vice versa for Longs).
There’s more logic in it, but see if anyone thinks this is worth pursuing (in this thread) before going any further.
I was trying to post a screenshot below, however seems my account isn't enabled for posting attachments or pictures yet... can anybody ask an Admin to enable me?
– red rectangles indicate where the two GASep indicators would line up a sell signal.
Heya Brian, unfortunately I can't really go much further with what I've got; I need the GA Separation code converted to MQ4 so I can then see if there are any patterns for forex prices. I know it works for stocks and commodities but with fx, given that there are two currencies being paired off against each other, each with differing background influences, I am not sure how well it would work until seeing it.
If anyone is interested in converting, please send me PM, I still can't attach here!
cheers
Hmm very interesting concept though.. lets see if we can find
someone who wants to take a swing at it.
Brian
Quote:
Originally Posted by xgtrboy
Heya Brian, unfortunately I can't really go much further with what I've got; I need the GA Separation code converted to MQ4 so I can then see if there are any patterns for forex prices. I know it works for stocks and commodities but with fx, given that there are two currencies being paired off against each other, each with differing background influences, I am not sure how well it would work until seeing it.
If anyone is interested in converting, please send me PM, I still can't attach here!
cheers
Hmm very interesting concept though.. lets see if we can find
someone who wants to take a swing at it.
Brian
Ok I'm allowed to post now, have a look at the pic, the arrows (from a different platform). I realise that there is a difference in trading stocks (in this case the Nasdaq index) vs forex, however wondering if there might be some similarities in some of the indicators employed.
The gist is that when the GA Separation lines are trending down, that means those applicable EMA's are also trending down and spreading further apart, hence implying that the downtrend is strengthening. When you have both GA Sep lines trending down (12,15,18 shorter term) and also the longer term (30,45,60) you have a situation where it's a high probability trade (at least in stocks world) that the trend is more likely to continue than to end/reverse.
The idea behind getting this coded into MQ4 is that we can firstly do some visual tests to see how well this theory holds, and if anyone were to code into a simple EA, that could be tested in the Strat tester.
This particular indicator hasn't been brought up in these forums so hopefully I've come across something useful for all!