I'm writing the version 3 of the EMA Cross!
Any new ideas?
Any comments?

THANKS FOR ALL THE POEPLES SHARED ME THIS THREAD !

__________________
Hope it helps !
Coders' Guru
Senior MQL programmer:
www.xpworx.com/custom.htm

Hi codersguru,

Would you mind to making an EA for this?

Here is my set up Indicator.

EMA : 5 , 18 (All in close)
RSI : 8
Slow Stoch : 15 , 5 , 5 (exponential)

Entry Market ( Buy/Sell) when both EMA ( 5 n 18 )are crossing with conditon
- Buy if RSI > 50 , Slow Sochastic >40 in Time Frame 15 mnt n 1 Hour
- Sell If RSI < 50 , Slow Stoch < 60
- Stop Loss 35 pips (at above or below EMA crossing point in TF 15 mnt)
- Target Profit 120 pips
- Traling Stop 30 pips
- order 1 lot

I really appreciate for you to make it,


thanks in advanced
4xtrader

4xtrader,

Could you make it a separate thread? There I'll try to help !

thanks in advanced

__________________
Hope it helps !
Coders' Guru
Senior MQL programmer:
www.xpworx.com/custom.htm

I've added a Poll to the thread asking you about your opinion about Counter-Trend strategies?
Could you share me your opinion?


Thanks in advanced

__________________
Hope it helps !
Coders' Guru
Senior MQL programmer:
www.xpworx.com/custom.htm

You have made me very curious! Can you realy make this EA better?

BTW: I'm backward testing this EA with different settings. Got my data from Alpari and got a Modelling Quality of > 90%. So it should be reliable. What realy make a difference is changing (small changes) the EMA settings. Will give you my results next week.

Hendrick,

Thank you very much for your all contributions in this EA.

I think the EA could be better and better, this is my todo list:

1- Open more than position for the same currency pair.
2- Enhanced trailing stop technique.

I need more Ideas to make this EA one of the best EAs.

__________________
Hope it helps !
Coders' Guru
Senior MQL programmer:
www.xpworx.com/custom.htm

only an idea:

open 3 positions

1st closed with 10 pips profit
2nd closed with profitprotection 10 pips AND trailingstop
3rd closed with trailingstop from the beginning

Not a bad idea!
But, are the 3 positions will be in the same direction? (Counter or Pro Trend)?

__________________
Hope it helps !
Coders' Guru
Senior MQL programmer:
www.xpworx.com/custom.htm

I always thought that at the cross opening a buy and sell trade(s) as usually the protrend trades will close first or sooner, then the counter trend trades will work .

So in this case trade #1 closes at +10 pips, and the second 2 trades go counter trend, as it seems to be working in a non-trending market we are in.

Hmmmm, first in Countertrend
third Pro trend

second: both directions

perhaps a little be crazy.......could it be tested in wealthlab (???) with Monte Carlo