Moving average ea gbpusd 5min

I have had a problem trying to fogure out how to code the new signal close the previous trades. well finally done. have tested it and all is wellnow

are the set files default?
do we have to change any settings?

It's default to 5min settings with a sl 27pips. The master candle is default to have four kids. Note the originator of the system wanted 10 pip sl which I have observed to have many orders hitting sl. Also he wanted pending orders instead what I did is have the ea draw a line when market reaches the line it opens orders Same thing achieved but in a different way

Thank you for this thread,

The EA does not attach to my platform, can you help please!!

Thank you.

There's a file with the word library in it. Make sure you put it in the Include folder
The other two you put in expert folder

I am just observation the 10pip sl wow it does at first loose money but it comes back and recovers that loss awesome now not only recovery is needed but profit

Installed my machine with this version.

That is the one from my observation of today it's working perfectly

Hellow guys here is another toy to add to your arsenal. this one is purely Moving average EA. WHat is does is when price reaches the Moving average you have chosen it will draw a buy line 10pips above the moving average you have chosen and it will draw a sell line 10ppips below the moving average you input in the EA. it is good for trending markets. Like to day it made like 100usd on 0.01 lot on a 1000 usd account. its a very simple system. I like them simple.Otherwise i am sure you have enjoyed the profits made by the master candle EA today it was ginormous. May the pips keep coming.

Please post your results those demoing great move Asia session

Initial Trade

Based on a chart that presents as Here, price is indicating, ahead of the first trade, that it is rising by the following signals:

1) The current candle and the last one are both Bull candles.
2) The 8 period (white) EMA is above the 24 period (red) EMA AND It is sloped upwards as in it is rising further.

The initial trade is the one and only time GT&WV uses an indicator of past prices to predict what the future holds !!

Definitions

1) The initial trade is known as a seed in GT&WV.
2) This seed, on a micro account is 0.01 lots in size.
3) The purpose of the seed is to determine whether we have a Gravy Train or a Weather Vane price movement.

A Gravy Train is a seed that carries on in the indicated direction, breaks even and thereby generates the price driven condition for a new trade entry in the same direction.

A Weather Vane is a seed that fails to move in the indicated direction, does not break even and breaches a previously identified support or resistance zone. On breaching that zone, price is demonstrating its new direction and the weather vane momentum triggers contra direction trades.

When a chart presents as above

A long trade (seed) at 0.01 lots is taken. MPTM then applies the SL and TP (Setfiles are described and shown in the appropriate section)

Long Initial (Seed) Trade

Examine the chart and determine a support zone for prices near the trade entry point. I usually look for the lowest low of the previous 4 candles (in H1 and D1 timeframes). If this does not show a reasonable support zone, I look for another in the vicinity of the current price.

At the support zone I draw a white dashed line. This is the line that when breached price is telling me a Weather Vane has emerged and it is time to enter CONTRA trades (Shorts) to the intial seed.

If the seed becomes a Gravy Train, the initial long position will break even. As soon as the seed trade breaks even, price is indicating it is moving in the originally identified direction and a new trade in the SAME direction (Continuation) is appropriate.

Short Initial (Seed) Trade

Examine the chart and determine a resistance zone for prices near the trade entry point. I usually look for the highest high of the previous 4 candles (in H1 and D1 timeframes). If this does not show a reasonable resistance zone, I look for another in the vicinity of the current price.

At the resistance zone I draw a white dashed line. This is the line that when breached price is telling me a Weather Vane has emerged and it is time to enter CONTRA trades (Longs) to the intial seed.

If the seed becomes a Gravy Train, the short position will break even. As soon as the seed breaks even, price is indicating it is moving in the originally identified direction and a new trade in the SAME direction (Continuation) is appropriate.

Notes

Contra and Same direction trades vary in lot size from 0.03 down to 0.01 depending on the leverage used on your micro account. These will be described in more detail in the section on continuation and reversal trades.

Reasonable S/R zone – I define reasonable as a zone that has held for a few candles (4 on H1 and 5 on D1). This has evolved due to my own testing !!! Your testing may reveal a superior S/R decision making protocol. If so, share it !

There is another toy to play with