10 feb 18 pdate
this is a trend chasing basket trader.
from last week observations .Big thanks to majamvice 14 day simple moving average is perfect.
other observation initial trade should be opened when volatility has squeezed. that is when Bollinger bands are close
together not far apart. Day 20 deviation 1 band.
day 4.4 update also in post 1
https://www.mql5.com/en/signals/397848
the equity trailer took long to correct
To start in the right way, please let me know this: - I install the "DAX" on multiple Charts H4 all with the same Magic number (Default 0) - I drag equity manager EA on another Chart (TF doesn´t matter?) and let it run with the given set?
correct .
make sure charts are clean. the template with moving average is for seeing what EA is seeing .it already is seeing so if you done analysing chart clear it, if you using vps.
you can actually put DAX on any time frame if tick mode is true. For others reading tick mode tells EA not to wait for candle open or close to trade. candles are time chart dependent
I use 5/10 EMA cross over on H4 to identify the trend.
H4:
Up trend : 5/10 EMA cross up
Down trend : 5/10 EMA cross down
the modification done is this .only send a buystop only when the price of that buystop is above 50 simple moving average on a 5 min chart.
vice versa for sells
this morning it has the following trades open . also jumping stop loss was calculating wrongly which caused big drawdown yesterday
lastly buy trades will closed if 50 SMA is 80 pips above buy price and bid is 30pips below 50SMA.vice versa sells
the modification done is this .only send a buystop only when the price of that buystop is above 50 simple moving average on a 5 min chart.
vice versa for sells
I observed EA close two GBPCHF sell positions while there was
a buy with huge draw down . I have increased the number of pips needed to open a second position .91 pips
Also observed GBPCAD rightly close two sell position when price went north at news but failed to open a sell
when price within 5 min turned back south . have written code for that
Now in forex there has been two blood bath .swiss franc depeg from euro and brexit.
these events blew trading accounts. alpari uk closed. I have tried to protect your account from these disasters.
The EA will open a sell when moving average indicate sell trend.
Then at same time three buystops open . the distance is such that under normal
trading conditions The trade never occur but if you have brexit situation they open hopefully saving your account from blowing .
so in your situation a sell open and then closed . the buystops expire after 720 hours or deleted if moving average indicate
the trend has now turned to buy
its up to you .
the ea closes a trade after a trend started and the trend exhausted .
if ea opens a buy it means moving average have analysed a up trend
but as happens in forex the trend does not start and moving average
indicate a down trend the ea will open a sell. eventually a trend will start
and that trend will exhaust and ea will close trade . if trend restarts it will
reopen.
so key point is how I have determined exhaustion level .
here it is
example
a buy
if simple moving average 50 SMA on 5 min chart is 80 pips above the buy'
open price
also if market price moves 30 pips below 50SMA close buy only .
Fellow traders if you have better way to determine exhaustion please share
this is a trend chasing basket trader.
from last week observations .Big thanks to majamvice 14 day simple moving average is perfect.
other observation initial trade should be opened when volatility has squeezed. that is when Bollinger bands are close
together not far apart. Day 20 deviation 1 band.
day 4.4 update also in post 1
https://www.mql5.com/en/signals/397848
the equity trailer took long to correct
To start in the right way, please let me know this: - I install the "DAX" on multiple Charts H4 all with the same Magic number (Default 0) - I drag equity manager EA on another Chart (TF doesn´t matter?) and let it run with the given set?
correct .
make sure charts are clean. the template with moving average is for seeing what EA is seeing .it already is seeing so if you done analysing chart clear it, if you using vps.
you can actually put DAX on any time frame if tick mode is true. For others reading tick mode tells EA not to wait for candle open or close to trade. candles are time chart dependent
I use 5/10 EMA cross over on H4 to identify the trend.
H4:
Up trend : 5/10 EMA cross up
Down trend : 5/10 EMA cross down
the modification done is this .only send a buystop only when the price of that buystop is above 50 simple moving average on a 5 min chart.
vice versa for sells
this morning it has the following trades open . also jumping stop loss was calculating wrongly which caused big drawdown yesterday
lastly buy trades will closed if 50 SMA is 80 pips above buy price and bid is 30pips below 50SMA.vice versa sells
the modification done is this .only send a buystop only when the price of that buystop is above 50 simple moving average on a 5 min chart.
vice versa for sells
I observed EA close two GBPCHF sell positions while there was
a buy with huge draw down . I have increased the number of pips needed to open a second position .91 pips
Also observed GBPCAD rightly close two sell position when price went north at news but failed to open a sell
when price within 5 min turned back south . have written code for that
Now in forex there has been two blood bath .swiss franc depeg from euro and brexit.
these events blew trading accounts. alpari uk closed. I have tried to protect your account from these disasters.
The EA will open a sell when moving average indicate sell trend.
Then at same time three buystops open . the distance is such that under normal
trading conditions The trade never occur but if you have brexit situation they open hopefully saving your account from blowing .
so in your situation a sell open and then closed . the buystops expire after 720 hours or deleted if moving average indicate
the trend has now turned to buy
its up to you .
the ea closes a trade after a trend started and the trend exhausted .
if ea opens a buy it means moving average have analysed a up trend
but as happens in forex the trend does not start and moving average
indicate a down trend the ea will open a sell. eventually a trend will start
and that trend will exhaust and ea will close trade . if trend restarts it will
reopen.
so key point is how I have determined exhaustion level .
here it is
example
a buy
if simple moving average 50 SMA on 5 min chart is 80 pips above the buy'
open price
also if market price moves 30 pips below 50SMA close buy only .
Fellow traders if you have better way to determine exhaustion please share
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