Hi ND and all. ND your mention of using fibo extensions as exit points has good merrits. I tried to find a prior post that i mentioned such but was unable to at this time. Here are my thoughts that have been proven successful in about 9 months of forward live and demo trading;

On our 30m time frame, take the cross of the 13ema and the 55ema. Mark this point in time and space with a vertical line. Count from this cross up/down in the direction of trend/trade and mark off 34,55,89,144, etc and take out 20% of traded lots at each of these areas of usual stalling/consolidation and leave a fifth lot (or the last 20%??) to run with a trailing stop or some similar profit taking methodology. Basicaly what you have is a point in time that shows past profitable performance (in our case the cross of the 13/55 and for price to go so many pips from this cross and show signs of reversal).

Cheers,
Thom

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Newdigital,

What are the value settings of the EMA are the based on close, open, high or low?

Just a stupid question. If there is no stop loss why do you show stoploss in your picture? 2nd, what is the time limit to enter after the ma crossover? because youre entering long after the ma crosses....

close of course.

anazri discovered that if we set stop loss to False in EA so this EA will close the order on the other EMA cross and it will reduce the losses. It is not like "no any stop loss at all".

As I emember if we switch stop loss = true so EA will close the order according to stop loss and the other EMA crossing.

thom you can add levels to that 55ema(if its not a custom indicator) at those levels so they are always available to you. In case you didnt know.

Is anyone using non-lagging Moving Averages? Do most of these methods still work with them?

Attached Files

NonLagMA_v2.mq4 (2.7 KB, 90 views)

May be. As I know there are 3rd, 4th and probable 6th version of this indicator. NonLadMA is some kind of digital filer (if i am not wrong). So it may be the other strategy based on this.

Not sure i'm following you DB, but what i use are the standard "levels" on the moving average dialog box in MT4 set in our example's case off the 55. I also have used the Vegas indicators, but i prefer the simplicity of levels on the MA since anyone can do that in MT4 without any custom indicator.

: ) Thom

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I'm testing v2 of the ea in demo mode. Even though i have a lot size of 1 lot in the ea settings it seems to be placing orders for large lot sizes. And other times it only enters an order for the default lot size of 0.1 lot. Has anyone else expeienced this?

Also, I like to use 1Hr charts. Will this EA work properly on larger time frames or does it work best with the smaller time frames?

Change MaximumRisk to 0.

As to v2 so I did not backtest it to find the better settings. To know the settings for more smaller timeframe it is necessary to optimize the settings. I will do it fo course.