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I'm too new in building EA (auto trade) but i have a logic here to be applied
Indi
1. EMA 5 (Close), Color = Red
2. EMA 15 (Open) , Color = Yellow
3. EMA 50 (Close) , Color = white //only for trend check
4. RSI 21
5. MACD 30,60,30 // to check the trend
// actually i used real MACD (provide by profitable trend system)
*Actually it's good for GJ (as my research)
** TF 1H
Logic
//i use "><" symbol for crosses
1. Entry
i. SELL
If ([EMA 5 >< EMA 15] && [RSI 21 >< below 50] && [MACD== downtrend]);
ii. BUY
If ([EMA 5 >< EMA 15] && [RSI >< above 50] && [MACD == Uptrend]);
2. Close Entry
i. Close Sell
If (EMA 5 >< EMA 15);
ii. Close Buy
If (EMA 5 >< EMA 15);
That's all for now
can anyone make it?
ill test it with demo account (live and not backtested).
i got one more technique call speed trap but its seems to be more complicated
because we have to set the system so that it can detect when the market is volatile (more then 9 bars volatile) and bla bla bla... (too long explaination)
I'm too new in building EA (auto trade) but i have a logic here to be applied
Indi
1. EMA 5 (Close), Color = Red
2. EMA 15 (Open) , Color = Yellow
3. EMA 50 (Close) , Color = white //only for trend check
4. RSI 21
5. MACD 30,60,30 // to check the trend
// actually i used real MACD (provide by profitable trend system)
*Actually it's good for GJ (as my research)
** TF 1H
Logic
//i use "><" symbol for crosses
1. Entry
i. SELL
If ([EMA 5 >< EMA 15] && [RSI 21 >< below 50] && [MACD== downtrend]);
ii. BUY
If ([EMA 5 >< EMA 15] && [RSI >< above 50] && [MACD == Uptrend]);
2. Close Entry
i. Close Sell
If (EMA 5 >< EMA 15);
ii. Close Buy
If (EMA 5 >< EMA 15);
That's all for now
can anyone make it?
ill test it with demo account (live and not backtested).
i got one more technique call speed trap but its seems to be more complicated
because we have to set the system so that it can detect when the market is volatile (more then 9 bars volatile) and bla bla bla... (too long explaination)
I have been playing around with a hedging strategy on paper.
The rules are as follows:
On the master candle (fancy term for the candle to start from) if it is facing north, buy 2 lots and sell 1 lot.
If the next candle close is north, add to the buy position 1 lot, and for each subsequent north candle.
If the next candle is south, sell 2 buy 1,
If the next candle is north buy 2 sell 1,
If the next candle is south, sell 2 buy 1,
If the next candle is south, sell 1,
If the next candle is south, sell 1,
If the next candle is south, sell 1,
If the next candle is north buy 2 sell 1,
If the next candle is north, buy 1,
I am sure you get the idea....
I have attached a paper backtest i did using the choppiest pair (gbp/chf 3hr tf from oanda), but i think the concpet merits an ea if someone can program it so that it can be tested properly.
If theres a mathalete reading this, pls check my formulas to make sure they are correct.
Can someone help me make an EA out of this system that has worked fairly well for me.
-15minutes chart
-RSI period 8
If RSI touches line 80 (sell)
If RSI touches line 20 (BUY)
Can someone help me make an EA out of this system that has worked fairly well for me.
-15minutes chart
-RSI period 8
If RSI touches line 80 (sell)
If RSI touches line 20 (BUY)