I need somebody, who will program the EA for MT4. This system is very easy and very powerful on markets, which trends a lot. The system is based on moving averages and RSI.
List of indicators which occur in the system:
RSI (21, close)
SMA (100, close; (in magenta color on the sample))
EMA (100, close; (in dark blue color on the sample))
EMA (21, close; (red))
EMA (13, close; (green))
EMA (6 and 5, (red and green arrows))
Buy:
EMA (100) has to cross SMA (100) into uptrend, also, EMA (13) has to cross EMA (21). The important thing is that EMA 13 and 21 have to above SMA 100 and EMA 100. This arrangement of averages proves us the trend the buying signal comes by cross of EMA 5 and EMA 6. ( On the sample it is shown as green arrow). RSI has to be above 50.
Sell:
Inverse of buying signal.
This system can be used on every time frame. McRea prefers 1hr. However I use it on 1 minute and also on 5 minute.
Stop loss depends on time frame and MM you use.
Exits are managed by trailing stop.
I attached some samples for clarifying this system.
P.S.
If you have some ideas how to improve this system do not hesitate and write it on this thread.
List of indicators which occur in the system:
RSI (21, close)
SMA (100, close; (in magenta color on the sample))
EMA (100, close; (in dark blue color on the sample))
EMA (21, close; (red))
EMA (13, close; (green))
EMA (6 and 5, (red and green arrows))
Buy:
EMA (100) has to cross SMA (100) into uptrend, also, EMA (13) has to cross EMA (21). The important thing is that EMA 13 and 21 have to above SMA 100 and EMA 100. This arrangement of averages proves us the trend the buying signal comes by cross of EMA 5 and EMA 6. ( On the sample it is shown as green arrow). RSI has to be above 50.
Sell:
Inverse of buying signal.
This system can be used on every time frame. McRea prefers 1hr. However I use it on 1 minute and also on 5 minute.
Stop loss depends on time frame and MM you use.
Exits are managed by trailing stop.
I attached some samples for clarifying this system.
Attached File(s)
Sample.pdf
61 KB
|
291 downloads
P.S.
If you have some ideas how to improve this system do not hesitate and write it on this thread.