Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
I see the 3rd MA you just added here is an above/below divider. Yes, this works great as a 50 LWMA on Tf60. Above for longs/below for shorts. Keep that and add my idea for a cross of 4 with the pips distance between on the faster two and enter on the two slower then emergency exit with a cross against of the faster two. Keep the divider line MA as a seperate setting.
Can you please send us your preset settings file so that we can try with this EA...
I have a great suggestion to improve this EA based on a MA cross strategy that I've had great success with manually. I use this on TF60 and you can see for yourself on the charts that it works very well during good trading hours.
I use a 1 over 3 and 6 over 10 LWMA cross on TF60. The entry isn't made unless the 1 and 3 have good divergence between the two and then the entry is made with a cross of 6 and 10. I use a TP of 40 usually which is conservative. If the entry signal is a fake out then I close the position when the 1 crosses the 3 against the position.
Basically you would need to add a 4th MA and have the pips divergence setup for the faster 2 (1 & 3 LWMA). Then allow a position close which overrides TP and SL if the 1 and 3 cross before one or the other is reached.
Check it out on the charts. It's a good strategy between 7-10 and 12-15 GMT.
Hi nova, sounds like a good idea and I want to apply that to the EA. I just not quite understand what do you mean by divergence between two MA. Is it mean there is a certain pips different between two MA ? Can you help me by provide a screen shot for the entry rule ? Thank you in advance
__________________ David Michael H
"Trader helps traders with sincerity, honesty and integrity"
What I mean is what you already have in the EA called MinCrossDistance but it only needs to be applied to the two faster. That setting can't be applied to the 6/10 cross on the TF60. Only need it for the 1/3 LWMA's.
What I mean is what you already have in the EA called MinCrossDistance but it only needs to be applied to the two faster. That setting can't be applied to the 6/10 cross on the TF60. Only need it for the 1/3 LWMA's.
Hi nova, thank you for the clarification. I'll try to add ThirdMA and FourthMA cross filter
__________________ David Michael H
"Trader helps traders with sincerity, honesty and integrity"
The thing that might be tricky is that we don't enter on the 1/3 cross. We enter on the cross of the 6/10 when the 1/3 have X pips pips distance between them. Another thing that is useful regarding the third "dividing line MA" is not just saying above for long/below for short. It's most use ful if you have settings for that third MA which could be called push and pull.
For example, if you are using the 50 LWMA as the dividing line you could say I want price to be 20 pips above it for long or 20 pips below it for short. Push=20. If we are selling down into the 50 LWMA or buying up into it, we want our pull to be at least 10 pips more than our TP because price will often stop and get tangled in the 50 LWMA. So if your TP is 40 then your pull should be 50. If your TP is 30 then your pull should be 40. This prevents a long trade from being opened only a few pips below it which would hurt our chances of reaching our TP but it doesn't limit buying below it or selling above it completely. I've found this works well.
I've also found that using the daily pivots indicator to determine TP and SL is very helpful. If the distance between the pivot and S1/R1 is at least 60 pips then it's safe to go for TP of 40, SL of 40. If it's less than 55 pips between the pivot and S1 or R1 then I go for a TP of 30 with SL of 35.
I have noticed one thing in you EA and that is its placing 2 or more trades when the first position is even open.......can you make it so that it open only 1 trade per crossing....and wait until the next conditions meet...
I have noticed one thing in you EA and that is its placing 2 or more trades when the first position is even open.......can you make it so that it open only 1 trade per crossing....and wait until the next conditions meet...
Thanks
Babar
Hi Babar, can you PM / email me your setting so I could check it ? Maybe the OneEntryPerBar still false ? Hope this help
__________________ David Michael H
"Trader helps traders with sincerity, honesty and integrity"
the EA opens two possitions in the same direction, even if i set MaxOpenTrade to 1. Even bigger problem is, that the trailing SL is not working in the second posittion.
i have also one feature request: possibility to close all open possitions on friday evening
the EA opens two possitions in the same direction, even if i set MaxOpenTrade to 1. Even bigger problem is, that the trailing SL is not working in the second posittion.
i have also one feature request: possibility to close all open possitions on friday evening
Linear Mode
