dont take me wrong. uru- trader is trading a pullback in a down trend according his own chart. and there is not a crossover of ema .... and spudfan ...... any predictation on weekly chart is impossible .... prove me wrong
MA Crossover System that works for me
- #822
- Edited 6:09am Jun 12, 2023 5:22am | Edited 6:09am
{quote} Is this a pullback in a downtrend or has there been a reversal, to me it is not clear yet, so far - despite the small pullback in the current uptrend - this trade is still going in the right direction, I would see a price of 0,9125 as kind of confirmation? {image}
This pair is bullish on the daily TF but looking at the next higher TF (weekly) it is clearly a pullback in a much more dominant downtrend. So until the evidence tells us otherwise we should treat this as only a pullback.
Edit: I should also have mentioned that on the weekly there is a resistance level just above - look left to that horizontal consolidation zone. The base of that is at about 0.9100 and the recent bullish move did not manage to close above that - it was rejected.
- #825
- Jun 12, 2023 10:32am Jun 12, 2023 10:32am
{quote} its done my friend. trades open based on 4 EMAs on 2 different TF. TP and SL are placed based on ATR and a coefficient. please test, optimize and give suggestions to make it better. all of EMAs and ATR parameters can be modified for optimization. the EA also have a time filter to stop it from trading in a certain session. Traing Stop is also coded and ready to use with 2 simple parameter, one for triggering the TSL and the other one to set the SL distance from current price. {file}
. Is it a lot of work to convert it to MQL4?
- #832
- Edited 7:20am Jun 13, 2023 6:34am | Edited 7:20am
{quote} are you serious ? predicting a countertrend on a weekly chart ?
If I were to make W1 my trading TF and use MN1 for direction, and if I got a good signal to go long, then I would go long. And that weekly chart I posted shows that it's a long way up. So yes, it has a lot of potential and handled correctly it might even work out. But as we know, nothing is guaranteed.
But that's not my trading system, and W1 is not my trading TF, so it remains hypothetical. But why not. Hmm, it could be an interesting exercise, if I live long enough to see it play out on W1
- #833
- Edited 7:21am Jun 13, 2023 7:01am | Edited 7:21am
{quote} Amazing! Thank you very much, I'll give it a go.
I have long wanted to find a trailing stop that uses fractals, not moving up the most recent fractal, but the one before that. And using it on the timeframe below my trading TF. Is this something you could build into this EA?
Hi, These are my current week trades. Trades were taken in the direction of daily trend & after a retracement (D1 chart).
I utilize H4 chart to trigger the trades. However, I have added stochastic indicator to H4 chart to time my entry.
AlistairC, Is it okay to post my H4 chart with stochastic indicator on it?
Happy trading.
I utilize H4 chart to trigger the trades. However, I have added stochastic indicator to H4 chart to time my entry.
AlistairC, Is it okay to post my H4 chart with stochastic indicator on it?
Happy trading.
