(binned as duplicate) EMA-Cross System EA

Hello to everyone,

Here you encounter an EMA-cross with following trade conditions:
It buys when:

1. EMA-Short is greater then EMA-Long
2. EMA-Short-Pre-Period is smaller or equal to EMA-Long-Pre-Period
3. The difference between last and tenth last candle is greater than a certain value

But it doesn't sell. Too much fluctuations are turning the trades negative.

I tested it from 02.02.2015 on every Tick. 83% Profit. 26% DD. 1.3 PF. 1 Lot
as well as from 06.02.2017. 36% Profit. 15% DD. 1.6 PF. 1 Lot

Works fine but I would consider you don't use it for live trading. Never been tested on. Should be seen as a fun project.

I am grateful for any suggestions.


2015-


2017-

I'm utterly sorry for posting it trice. I think i can't delete the old ones. Please let me know if I somehow can.

Hi,

if we consider the fact that markets are random; the short-EMA v/s long-EMA is not a very good system on its own. If you disable your core-logic of buy and sell (on EMA crosses) you will see that your BOT/EA will mostly get the same result. The EMA logic is more of a starting point; not a good one though.
Just put a simple logic that if above single EMA (p=50, 4hr-Chart) you will buy and below that you will sell. You will see the BOT/EA might get better results.

You should also study the following :
Bollinger Bands: Squeeze vs Expanding BBands. Also, Weak Currencies v/s Strong Currencies (daily, weekly, monthly).
Also, study Average True Range - ATR by applying two ATR (p=5, p=50) on same Pair, different TFs. Last, divide the Pips moved by a Pair, by its ATR %. Pips moved(x) = (Daily Pips moved / ATR) x 100% . Calculate the x for different Pairs and see which Pair is moving.
Also, put an alarm or sound that when a value y, (High-low) value in Pips on a 1-min candle chart, crosses its 15min-ATR value (in pips), sound the alarm to get your attention that which Pair is moving..... try, 15min Candle (high-low) pips value crossing 4-Hr ATR (value in pips) which confirms the Buy or Sell direction.....

Remember :
the price moves first and due to that indicators react.... so you are always late to react, but it is better to let the Major Players/market make the first move.

Hey,

First of all thank you for giving me these ideas. I will for sure try them out. It is good to see it also written down in non-coding language

Yes, that is why im trying to get a slight edge with 3. (The difference between last and tenth last candle is greater than a certain value). When all three are combined an OrderSend gets filled.

greetings

I quickly tried your simple EMA 50 BuySell approach. It doesn't work out. Within the same period in 2017 I get ca. -1900 with various TP's and SL's.