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// Let's check our very reliable super secret mega-signal...
if (MathAbs(jma1 - jma2) / Point > 2.0)
{
if (jma1 < jma2) SignalOrderType=1;
if (jma1 > jma2) SignalOrderType=2;
}
// Welp, our mega-signal says no cigar...let's see what trusty 'ol RSX has to say...
if (SignalOrderType == 3)
{
if (UseConservativeRSX_Signals)
{
if (rsxcurr < rsxprev1 &&
rsxcurr < 70 &&
rsxprev1 > 70 &&
TrendVal < (-0.01))
{
SignalOrderType=1;
} // we only go short on RSX downturns
if (rsxcurr > rsxprev1 &&
rsxcurr > 30 &&
rsxprev1 < 30 &&
TrendVal > 0.01)
{
SignalOrderType=2;
} // we only go long on RSX upturns
}
if (!UseConservativeRSX_Signals)
{
if (rsxcurr < rsxprev1 && TrendVal < (-0.01)) SignalOrderType = 1; // we only go short on RSX downturns
if (rsxcurr > rsxprev1 && TrendVal > 0.01) SignalOrderType = 2; // we only go long on RSX upturns
}
}
return(SignalOrderType);
}
Cool, if by any chance someone gets motivated today and finishes the Mods, please post it I'm excited to see all these merged I'm going to forward test another EA starting today.SilverTrendv3 and would like to test a few more along side it.
Thank you
This is a good code for an EA to start building another EA ... again I am not an expert but i think you only need to change the last part to match the indicators we use
this EA ( i am not sure ) place orders based on
0. MACD
1. Pivot price level
2. Support/Resistance levels
in the process of building an EA it might be good from the start to consider avoiding major news, since at news the market does not follow the rules ( lots of traps and high risk) so maybe from the start we shall include the code to avoid the news in the market …
AND this is the link to show how its done http://articles.mql4.com/143
Shinigami I know i am making things more complicated sorry … but I am trying to look at the big picture and include the problems that might face an EA at the same time provide a safe trade and avoid the risky market ..
Who knows maybe we will end up with the holy grill
Finally I don’t know what I am doing here, I have not finish preparing for the exams and projects so BIG BYE for now
I am following the Dolly link and am believing in where it is going and would just like to make a simple suggestion as to the entry. I use the one hour GBPUSD only and have studied it pretty well. Dolly uses an entry point of 20 pips from open (Chart Time open which is totally differnet on everyones platform) when there are some simple facts that are only true to the GMT open which is all I use. But here is the facts to the open stats. If you make the open at 20 pips (GMT Open) it relates this way:
0 -9 pips you have a 75% probability of reversal.
10 -19 pips you have a 55% probability of reversal.
20-29 pips you have a 40% probability of reversal.
30-39 pips you have a 25% probability of reversal.
40-49 pips you have a 13% probablily of reversal.
simply put I never make an entry before 45 pips as it has now a much better probablity of making a good trade for profit. This is just my 2 cents worth because I like taking the highest probable trade for profit so I stay with the 80% trades or just don't take a trade.
Ricky D
I am following the Dolly link and am believing in where it is going and would just like to make a simple suggestion as to the entry. I use the one hour GBPUSD only and have studied it pretty well. Dolly uses an entry point of 20 pips from open (Chart Time open which is totally differnet on everyones platform) when there are some simple facts that are only true to the GMT open which is all I use. But here is the facts to the open stats. If you make the open at 20 pips (GMT Open) it relates this way:
0 -9 pips you have a 75% probability of reversal.
10 -19 pips you have a 55% probability of reversal.
20-29 pips you have a 40% probability of reversal.
30-39 pips you have a 25% probability of reversal.
40-49 pips you have a 13% probablily of reversal.
simply put I never make an entry before 45 pips as it has now a much better probablity of making a good trade for profit. This is just my 2 cents worth because I like taking the highest probable trade for profit so I stay with the 80% trades or just don't take a trade.
Ricky D
At a guess i would say that is a reference to the M level pivots, Peter Bain who teaches Pivot point trades uses a comparison of the previous days pivots to the current days pivots, if today the pivot is higher than yesterday it is declared a M2/M4 day if the pivot today is lower than yesterday it is a M1/M3 day, it is around 50% accurate and gives very similar suggested trading range as the Demark method.
Technical Trading ...On all currency the Bollinger Bands are getting narrower now .. as there are no news ( or anything else )to move the market .. that can create some false trading signals ..
Read this :
normally when the bands breaks, the size of the break is as long as the waiting narrow period , and if there is news there might be some traps. Personally I wont trade the break I will wait for a confirmation candle.
You don’t have to trade each time you open your computer, wait for the right signals and study your indicators