hello , i am developing an EA to execute my plans , my theory is based on probabilities.
i will be backtesting manually and using the robot as i want to test as many pairs and TFs as possible , to get the highest probability .
what i need is a filter to the EA , i thought that moving average separation angle and/or single moving average angle with the price would be a good consolidation filter to let the EA stop trading during periods of consolidation.
any ideas what is the best settings(EMA SMA WMA TEMA , and periods) to use for that purpose , and if there any other consolidation filter that i could use to detect consolidation as early as possible ?
thnx
i will be backtesting manually and using the robot as i want to test as many pairs and TFs as possible , to get the highest probability .
what i need is a filter to the EA , i thought that moving average separation angle and/or single moving average angle with the price would be a good consolidation filter to let the EA stop trading during periods of consolidation.
any ideas what is the best settings(EMA SMA WMA TEMA , and periods) to use for that purpose , and if there any other consolidation filter that i could use to detect consolidation as early as possible ?
thnx