Need Help with easy EMA!!!!!

palexa · #1 (**permalink**) 11-25-2006, 01:25 PM

Hi All,
I have been using this on another platform and it works very well, I just would like to have it built for MT4

What is is, are 2 exponential moving averages on same chart.
10 ema - (color black)
26 ema - (color red)
1.When they cross or touch, an audible alert would sound.
2.And a different sounding alert when the numerical differences between them reaches minimum 7 units. (i.e.=1.1869 on one and the other =1.1862) (based on price close, period 10 or 26, exponential)

It is very simple in that you are buying/selling into the direction of the black ema.
Thanks for any help I get with this!
Palexa

HerbertH · #2 (**permalink**) 11-25-2006, 11:00 PM

Quote:

Originally Posted by palexa

Hi All,
I have been using this on another platform and it works very well, I just would like to have it built for MT4

What is is, are 2 exponential moving averages on same chart.
10 ema - (color black)
26 ema - (color red)
1.When they cross or touch, an audible alert would sound.
2.And a different sounding alert when the numerical differences between them reaches minimum 7 units. (i.e.=1.1869 on one and the other =1.1862) (based on price close, period 10 or 26, exponential)

It is very simple in that you are buying/selling into the direction of the black ema.
Thanks for any help I get with this!
Palexa

Look here for an almost identical strategy:
http://www.forex-tsd.com/expert-advi...tent-pips.html

palexa · #3 (**permalink**) 11-26-2006, 03:45 AM

Yep, that is pretty darn close. I think based on the results of the backtesting that is posted, that this would not be effective as an EA. What I am looking for is an indicator that can be manually traded. It would have to have the audible alerts and the differing colors that I indicated in prior string. I'm sure that it is out there! Anyone???