EA Updated v0.05
Skype Contact: skyper7498
After researching numerous algorithmic trading systems, going against the long term trend is a possible reason behind random results of any trading system.
This Multi Time Frame Trader(MTFT) was developed to enter the market's long term movement, by using 3 different time frames which provide: higher probability trades, and precise entry conditions.
Details:
EA looks at (3) time frames and determines either to SELL or to BUY a currency based on the highest time frame's trend/slope.
Skype Contact: skyper7498
After researching numerous algorithmic trading systems, going against the long term trend is a possible reason behind random results of any trading system.
This Multi Time Frame Trader(MTFT) was developed to enter the market's long term movement, by using 3 different time frames which provide: higher probability trades, and precise entry conditions.
Details:
EA looks at (3) time frames and determines either to SELL or to BUY a currency based on the highest time frame's trend/slope.
- Trend/Slope of each time frame is calculated with the !LinRegrBuf.mq4 indicator, for: trend_chart, signal_chart and timing_chart
- download the !LinRegrBuf.mq4 indicator to the 'experts/indicators' folder in MT4 directory
- Overbought/Oversold conditions of the signal_chart and the timing_chart are determined by the Stochastic Oscillator
- EA default trading time frames:
- trend_chart=H1
- signal_chart=M5
- timing_chart=M1
Entry Conditions:
- If the slope of the trend_chart is negative(-) and
- signal_chart price is overbought and
- timing_chart price is overbought
- enter short position with TP and SL
- enter short position with TP and SL
- timing_chart price is overbought
- signal_chart price is overbought and
- If the slope of the trend_chart is positive(+) and
- signal_chart price is oversold and
- timing_chart price is oversold
- enter long position with TP and SL
- timing_chart price is oversold
- signal_chart price is oversold and
EA Properties:
- trade | enable/disable trading
- alert | enable/disable alerts when entry conditions are met
- e_trailing_stop | enable/disable trailing stop
- TrailingStop | trailing stop in PIPs
- trade_spread | allowed spread for EA to trade
- barstocount | number of samples to calculate the trend/slope in the !LinRegrBuf indicator
- trend_chart | highest time frame
- signal_chart | medium time frame
- timing_chart | lowest time frame
- TP | takeprofit
- SL | stoploss
- lots | orders lots
- slippage | order slippage
- magicnumber | order magic number to track orders
- Kp | %Kperiod, stochastic %K line period
- Dp | %Dperiod, stochastic %D line period
- slw | stochastic slowing value
- mtd | stochastic MA method
More Information:
- The new EA does not eat resources like the older EA did, and now you can customize the time frames that the EA can trade, along with customized TakeProfit and StopLoss.
- To trade Daily, 4H and 1H time frames, set the following:
- trend_chart=1440
- signal_chart=240
- timing_chart=60
- EA is based on the following multi time frame trading concept: http://www.saxoeducation.com/Learnin...rames.aspx#4.1
Attached File(s)
!LinRegrBuf.mq4
3 KB
|
3,806 downloads
|
Uploaded Mar 4, 2009 1:55pm
Multi Time-Frame Trader v0.05.mq4
6 KB
|
3,363 downloads
|
Uploaded Mar 9, 2009 2:34pm
Multi Time-Frame Trader.mq4
9 KB
|
3,194 downloads
|
Uploaded Mar 14, 2009 1:53pm