Dislikedwell, 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![]()
what do you mean by that ?Ignored
bye
Ohka
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Dislikedwell, 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![]()
what do you mean by that ?Ignored
DislikedThanks for trying my suggestion. As to the FisherTransform stuff: Checking the code I assumed the apply_IFT boolean variable to be a switch that activates or de-activates a Fisher transform on RAVI. Your question suggest it doesn't? Whatever, activating it didn't make any noticable difference, so I switched it off.
bye
OhkaIgnored
Dislikedhi, 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 beIgnored
DislikedI have used RAVI in the past [not the version posted here] to determine whether the trend is good or not to get into a trade. I have found RAVI to miss a lot of good movement if one waits on it. I hope the final version posted here will be better.....Ignored
Dislikedhi, 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 beIgnored
DislikedDear Domchik,
Thanks for the New EA. I tried backtesting (using default settings) on TF 30 minutes on IBFX and it regularly makes loss in every trade - It opens a trade and immediately in the next candle it closes the trade.
Please tell me :
1 - What time frame to run this on ?
2 - Is IBFX (Interbank FX) OK for trading ?
3 - This should work on all pairs - Right ?
4 - Is this system based on this -> http://5emas-forex-trading-system.co....htm?hop=omtop
Thanks Domchik.
Humble TraderIgnored
Dislikedi trade it on FXDD demo account.
1h chart.
i am not familiar with the system you mentioned, so i guess the answer is no or not exactly.
i have never tried to backtest it. in my forward testing, it doesn't close the order on the next candle. i am not sure why it happens in backtesting.
the last week was pretty good for this EA . i'll try to post the statement in later today or tomorrow.Ignored
DislikedGuys, I have been testing this system and modifying the EA to be a smiple crossover buy/sell.
I'll share the EA once is ready but for now i need to confirm one thing.
Do we only trader on CROSSOVERS??? if YES then which ones should trigger the trade? as not all MA does it at the same time?
ThanksIgnored
DislikedDear Donchik,
Thanks for your quick reply.
Yesterday while waiting for your reply I opened FXDD Demo Account and did start trading on 1 Hour TF.
With in 24 hours my $ 3000.00 account turned into $ 3102.00. This EA works very well.
However, I missed out several good moves on atleast 4 or 5 Pairs - See attached chart for GBPUSD.
The screen displays :
Distance = 22, MinDistsance = 1, isCrossed = 1, Shortok = 0 and longok = 1.
This per my understanding of the program is a correct BUY signal. However it did not open this trade for the past 3 hours - as the buy signal continued. Looks like there is some Bug that needs to be fixed or some option that must be set right.
Also it opened and closed closed EURJPY and USDJPY instantly in the same candle - Keep wondering why ?
I am using these default settings :
extern bool UseProfitManager = true;
extern bool tradeOnHolidays = false;
extern bool useATRStopLoss = true;
extern int trailingStop=15;
extern int takeProfit=100;
extern double lots=0.1;
extern int slippage = 3;
extern int ema3_period=3;
extern int ema5_period=5;
extern int ema13_period=13;
extern int ema21_period=21;
extern int ema80_period=80;
extern string ExpertName = "MultiEma_4";
extern int ExpertID = 15445631;
extern bool UseMM = true;
extern double Risk = 4;
extern int minCrossDistance = 1;
extern bool UseRavi = true;
extern double raviMax = 0.08;
extern double raviMin = -0.08;
extern double raviLowestBorder = -0.4;
extern double raviHighestBorder = 0.4;
//extern int maxCrossDistance = 7;
extern int rsiPeriod = 21;
Please advise.
My email - adil_syed at yahoo dot com.
Thanks and best regards and Have a great new year and God bless you.
Humble TraderIgnored
Dislikedfor a simple cross-over system, I'd only trade at the cross-overs of the shortest MA's, but only in the direction of the longer MA's.
OhkaIgnored
Dislikedyes, that's what i would do too. Ohka suggested this idea, but unfortunately I had no time to implement it. it would be great if anyone could do this.Ignored
DislikedHi domchik,
Unfortunately I also lost all the screen settings and am not able to locate the actual colors as desired by you.
Tonight I'll watch it carefully and post the snap shot on this message.
Best regards
Humble.Ignored