Multi Ema Cross system | Page 5 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Help - This EMA Cross Expert Advisor Needs 3rd EMA Filter 5 replies

10 Ema and 200 Ema cross system 6 replies

Help. EMA Crossover with different EMA cross for exit 0 replies

Please help code an EMA Crossover 12ema x 24 ema cross 1 reply

Another EMA Cross newbie system/question/EA 3 replies

Attachments: Multi Ema Cross system
Exit Attachments

Multi Ema Cross system

  • #81
  • Dec 11, 2007 1:50am Dec 11, 2007 1:50am
hi,

I got an idea this morning. please tell me what you think.

the idea is to manage the trades this EA opens on all charts (say, EUR/USD, USD/JPY, USD/CHF, GBP/USD, AUD/USD)

as a single trade that will have a common take profit and a common stop loss.

as i can see it, this system in general gives more winners than losers. If we run it on 5 pairs there is a good probability that it will in average win more often than only on 1 pair.

so, if the total profit of all open trades reaches , say, 50 pips, then close all open orders, set the global variables to 0, and wait for the next opportunity for opening trades.

it's possible to write an additional EA that will handle this task.

what do you think ?
  • #82
  • Dec 11, 2007 3:00am Dec 11, 2007 3:00am
Quoting domchik
are you running it with ATR stop enabled or disabled ?
Hi ,is disable
  • #83
  • Dec 11, 2007 3:36am Dec 11, 2007 3:36am
Quoting domchik
hi,

I got an idea this morning. please tell me what you think.

the idea is to manage the trades this EA opens on all charts (say, EUR/USD, USD/JPY, USD/CHF, GBP/USD, AUD/USD)

as a single trade that will have a common take profit and a common stop loss.

as i can see it, this system in general gives more winners than losers. If we run it on 5 pairs there is a good probability that it will in average win more often than only on 1 pair.

so, if the total profit of all open trades reaches , say, 50 pips, then close all open orders, set the global variables to 0, and wait for the next opportunity for opening trades.

it's possible to write an additional EA that will handle this task.

what do you think ?
The most import is to check the currency correlation for the pairs. The USD/CHF is the opposite do EUR/USD. The GBP/USD is the opposite do USD/JPY. In the last days there was a lack of correlation.

The risk to trade a basket of currencies is when there's NO correlation. Then the price runs to the side it wants.

In this case, when in correlation the profit will be the same (ou quite the same) of one currency with more lots. In this case the risk is higher in one single currency.

But when out of correlation, the hisk is higher to have a basket of currencies running to different sides and Suports and resistences...

I read a little about EA trading in the internet and people are looking for a single pair. I agree with them. It's easier to follow a trend, it's easier to look for opportunities (safe way).

But, let's test it. That's the reason to have DEMO accounts!
  • #84
  • Dec 11, 2007 4:12am Dec 11, 2007 4:12am
This morning trades
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 5 KB
Attached File(s)
File Type: doc Statement.doc   75 KB | 543 downloads
  • #85
  • Dec 11, 2007 7:19am Dec 11, 2007 7:19am
hi Gioviforex,
Yah, I went through your trading result posted, I discovered that you manually influenced the closing of most of your trading. Did you?
  • #86
  • Dec 11, 2007 8:36am Dec 11, 2007 8:36am
I really appreciate the efforts of domchick to create a useful EA. I have tested the various versions with mixed results.

This method works best when trending. This may seem an obvious statement but what I would propose is that the EA looks at the daily chart, same indicators, before inception of the trade. This would seem to give it a chance. As things stand, too many variables need to be assessed before a trade can be safely entered on the H1 chart alone, with real money, defeating the whole object of a robot EA and losing a large part of the moves.

If the daily parameters were set for a trade - i.e. all 5 ema's in position an instruction could be made to trade long only, or short only, to the H1 section of the EA. Then it would be a matter of using 3/5 crossovers with trailing stops and money management. Hopefully taking advantage of longer trends.

I am looking forward to going on holiday and leaving this running. Thanks again domchick.
Gone to a better place
  • #87
  • Dec 11, 2007 11:54am Dec 11, 2007 11:54am
Quoting harwedar
hi Gioviforex,
Yah, I went through your trading result posted, I discovered that you manually influenced the closing of most of your trading. Did you?
Hi , i closed manually only euro trade
  • #88
  • Dec 11, 2007 12:01pm Dec 11, 2007 12:01pm
gioviforex,
what are you using to close trades?
are you using MM, if so what risk?
Are you using take profit ea? is it defalt?
  • #89
  • Dec 11, 2007 12:38pm Dec 11, 2007 12:38pm
hi, Domchick,
Thanks for the last reply.
And again, I discover that the EA does not take care of the news time as my
demo account was cleared off today.
Pls, what do I do when a big news is coming or a big move is expected by the time the current position is not favourable?
  • #90
  • Dec 11, 2007 1:37pm Dec 11, 2007 1:37pm
The EA is working very good!, thanks to Domchicks.
I believe it can work better, if it can be modified considering this observation.
My observation, most of the trades entered by the Ea is almost at the exhaustion of trend and this contributes a lot to loss it incurs. I think it will be better if enters early.
Thanks again.
  • #91
  • Dec 12, 2007 1:28am Dec 12, 2007 1:28am
Quoting harwedar
hi, Domchick,
Thanks for the last reply.
And again, I discover that the EA does not take care of the news time as my
demo account was cleared off today.
Pls, what do I do when a big news is coming or a big move is expected by the time the current position is not favourable?
well, what i did was closing all open orders 1 hour before the news release yesterday. some of them with a little loss, but it was worth it as i saw afterwards
  • #92
  • Dec 13, 2007 9:22am Dec 13, 2007 9:22am
Who can explain the inputs of multima_3 EA?
Thanks in advance.
  • #93
  • Dec 13, 2007 3:04pm Dec 13, 2007 3:04pm
What is the definition of slippage applied to this ea?
  • #94
  • Edited 7:32am Dec 16, 2007 4:48am | Edited 7:32am
Quoting moneyonmind
What is the definition of slippage applied to this ea?
It's all in the source MoM! Study it and you'll discover that it is used for OrderOpen and OrderClose. This variable defines how much the actual execution price may deviate from the current price (i.e. from the moment the order is executed from the EA).

All the best
Ohka
  • #95
  • Dec 16, 2007 6:24am Dec 16, 2007 6:24am
Great system!! Really love it. Thanks for making the post!

Does anyone know why only the sell criteria involve the 80EMA and not the buy? As this is something puzzling me and I am unable to think of a reason as to why this would be so.

Thanks

Bob
  • #96
  • Dec 16, 2007 7:05am Dec 16, 2007 7:05am
Quoting bobtuf
Great system!! Really love it. Thanks for making the post!

Does anyone know why only the sell criteria involve the 80EMA and not the buy? As this is something puzzling me and I am unable to think of a reason as to why this would be so.

Thanks

Bob
both buy and sell involve 80EMA.
  • #97
  • Dec 16, 2007 11:37am Dec 16, 2007 11:37am
Quoting domchik
both buy and sell involve 80EMA.
Ok great, thanks for the reply! You might like to edit post #1 to say that.

Cheers

Bob
  • #98
  • Dec 19, 2007 9:15am Dec 19, 2007 9:15am
hi, this is the latest version of this EA.

i made a few changes to it. Now I use RAVI indicator (attached) to avoid bad entrances.
it also uses a more advanced version of Take Profit Manager EA (thanks to its creator)

if this version is not profitable, probably no other version of this EA will be
Attached File(s)
File Type: mq4 MultEma_4.mq4   22 KB | 824 downloads
File Type: mq4 ravifisher.mq4   3 KB | 969 downloads
  • #99
  • Dec 19, 2007 10:00am Dec 19, 2007 10:00am
Quoting domchik
hi, this is the latest version of this EA.

i made a few changes to it. Now I use RAVI indicator (attached) to avoid bad entrances.
it also uses a more advanced version of Take Profit Manager EA (thanks to its creator)

if this version is not profitable, probably no other version of this EA will be
Hi Domchik,

thanks for continuing this EA and making it available to all of us.

One suggestion about your usage of the RAVI indicator. You're checking RAVI for being below or above a border value as in:

Inserted Code
ravi < raviHighestBorder

This produces rather wide windows on the timeline where (in this case) going long would be ok.
Perhaps you want to add an extra condition that ensures that (in this case) RAVI is rising, i.e. current value > value of prior RAVI.
For shorts it's of course the mirror image...

What do you think?

One last thing: on my terminal, activating the Fisher transform doesn't have a significant effect on how the graph is displayed, hence I switched it off.

thanks again
Ohka
  • #100
  • Dec 19, 2007 10:09am Dec 19, 2007 10:09am
Quoting Ohka
This produces rather wide windows on the timeline where (in this case) going long would be ok.
Perhaps you want to add an extra condition that ensures that (in this case) RAVI is rising, i.e. current value > value of prior RAVI.
For shorts it's of course the mirror image...

What do you think?
well, the purpose of this condition is just to make sure that RAVI is not too high or too low.
what you suggest is to check the direction of this indicator. that wasn't my intention, but i can try

Quoting Ohka

One last thing: on my terminal, activating the Fisher transform doesn't have a significant effect on how the graph is displayed, hence I switched it off.
what do you mean by that ?
0 traders viewing now