OsMA indicator and mechanical automatic trading

still the defect is there, on manual trading, you can close the (trades) at any time you believe there is good profit suiting you in one direction vcz you are human and you will lose concentration if there is too much hedging, so one direction to keep your concentation
in automatic you can get benefits from both sides up and down, but the thing is that, this ea is very strong in both the manual and the automatic for the trend markets, but very uglu and loser in the range market for manual and automatic, but in manual as i said above you can do it closing as manually, but here in automatic you need to wait the bar to close or the conflict will not close the trades...

The best would be when you take setups like.

M30 osma gets bigger and you enter when m15 osma gets bigger. Exit when m30 stop to rise. I think it makes Sense when we close the trades not before m30 gets unvalid. So the range wont kill you so easy.

And only put a emergency stop loss when you trade manual. Low leverage like putting only 10-20 Prozent of you account in margin will help you to over live Spikes. With 6-10 trades a day we can make good profit obly when you risk 0.5 percent of your account.
Dont try to make 100 percent a day and kill yout account. Except its your strategy

Have you testet news with this?

Maybe Schaff Cycle can be used to find trending areas.

Schaff is considered to lead oppose of lagg but I'm not that convinced about that. However when Schaff line starts to decrease or increase most times it gets interesting. And we can't expect to be correct all the time anyway. But what if we can give the EA a heads up or an idea of what we think price might go?

Schaff (http://www.investopedia.com/articles/forex/10/schaff-trend-cycle-indicator.asp) math is a combination of stochastics and macd, so it can be implemented into a robot without any outside (icustom) indicator if it proves it's worth. Before including it pure into the EA we could use iCustom to try it out.

double schaff1 = iCustom(Symbol(), PERIOD_D1,"Schaff_Trend_Cycle",0,iBarsShift(Symbol(),PERIOD_D1,Time[1]));
double schaff2 = iCustom(Symbol(), PERIOD_D1,"Schaff_Trend_Cycle",0,iBarsShift(Symbol(),PERIOD_D1,Time[2]));
double schaff3 = iCustom(Symbol(), PERIOD_D1,"Schaff_Trend_Cycle",0,iBarsShift(Symbol(),PERIOD_D1,Time[3]));

If(schaff3 > schaff2 && schaff2 < schaff1)
/* North Trend has started */

If(schaff3 < schaff2 && schaff2 > schaff1)
/* South Trend has started */

I'm in front of my TV writing this, so it is not tested. It can contain errors.

So if we check for trend changes on Daily and then trade H4, H1 timeframes. I'm including some screenshots.

Hi Samer! Would you be kind to share the copy of EA that can be used for other timeframe? I have something in my mind. Not sure if it will work but I want to try it..

OSMA = MACD

Sorry. I don't like the MACD, so have not been paying attention to this thread. I have no idea what you are talking about as it is apparent you have not used these indicators. Thank you for your opinion though. Perhaps do some analysis next time? Have a nice day and welcome to FF. Try to be helpful while you are here.

Hello Samer1970
Thanks again for a this good EA. Can you tell more about the first and second line (Minimum accepted hedge.... and TAKE PROFIT....)?
And, is it possible to build in to increase lot size each 2'000 by 0.01?
Thanks again!

hi
yes it can be modified, by the equity or account balance

if (AccountBalance()>2000){ilot = 0.02;}
if (AccountBalance()>4000){ilot = 0.03;}

and so on... the same is said for equity

if(AccountEquity()>2000)........

the minimum accepted hedge is 0.01 up to max of your allowed by your broker
take profit is up yo your judgement

Thanks Samer1970! But I can’t put it into EA as of .ex4

Are you further developing it?
In my opinion it looks promising.

So far I see one disadvantage: It can have lot of open positions over weekend.

Probably a hedge needs to be built in.

Look at these settings below. Start with 2000. EU. 4h.

i stopped working on it , actually.

hedging in the same pair is .......... not good,

OK L.

I mean if the EA is long by 0.21 at Friday night, than go short 0.21 before market close and reverse on Sunday night.

correct yes. if you enough cash in your account to bearing the floating loss if the pair went in one direction and hit the tp, then all the margin will be consumed from your equity and floating loss will be "increased in negative " of the same value of your profit... it is really a nightmare if your account equity is small