Hi all,
Just wondering if someone would like to take on the task of writing an EA for this system i will outline. Someone is trading it manually and has over 90% win rate and has taken a $200 account to over $4000 in 5 weeks with only limited screen time.
I will attach the indicators being used with the example of when to enter and how to exit. I can't find my template or I'd just include that but not to worry. Also add a 5ema and a 1ema to the chart. Lets go with pink for the 1ema and yellow for the 5ema.
So originally the originator was using a 5min chart and 30 min chart combined. Now it is all on 1 x 5min chart.
Long entry Rules : If the psar's are under price and the macd is showing green bars (indicated by the green signal line being above the pink slower line) we have a start. We then want price to retrace so the slow stock has the faster blue line come back past the 20 line (preferably both lines but i've seen many where the slow purple line will just touch it and trade works out) then we want the stockt to cross up (but this is not the most important part), then we want the ema's to cross as price begins to climb into the original direction. Once the candle closes with the ema's crossed up, we want the next candle to go past the candle that just closed with the cross by 2 pips. We then enter. We have a 15pip stop and a goal of 15 pips. We will however step our stop up as price move is our favour. This needs to be adjustable but lets say it moves up to +1pip at 8pips profit, 10 pips at 13pips profit and close at 15 pips. That is it.
Some things need to be built in this ea like : % of account to risk per trade. Adjustable step up stops, spreads per pairs traded (although i would trade only EurUsd to begin with.) Times to begin and end the day (eur session to end us session) and i think that is all.
Let me know if anything is unclear but i will post a picture below.
Juicyt
Just wondering if someone would like to take on the task of writing an EA for this system i will outline. Someone is trading it manually and has over 90% win rate and has taken a $200 account to over $4000 in 5 weeks with only limited screen time.
I will attach the indicators being used with the example of when to enter and how to exit. I can't find my template or I'd just include that but not to worry. Also add a 5ema and a 1ema to the chart. Lets go with pink for the 1ema and yellow for the 5ema.
So originally the originator was using a 5min chart and 30 min chart combined. Now it is all on 1 x 5min chart.
Long entry Rules : If the psar's are under price and the macd is showing green bars (indicated by the green signal line being above the pink slower line) we have a start. We then want price to retrace so the slow stock has the faster blue line come back past the 20 line (preferably both lines but i've seen many where the slow purple line will just touch it and trade works out) then we want the stockt to cross up (but this is not the most important part), then we want the ema's to cross as price begins to climb into the original direction. Once the candle closes with the ema's crossed up, we want the next candle to go past the candle that just closed with the cross by 2 pips. We then enter. We have a 15pip stop and a goal of 15 pips. We will however step our stop up as price move is our favour. This needs to be adjustable but lets say it moves up to +1pip at 8pips profit, 10 pips at 13pips profit and close at 15 pips. That is it.
Some things need to be built in this ea like : % of account to risk per trade. Adjustable step up stops, spreads per pairs traded (although i would trade only EurUsd to begin with.) Times to begin and end the day (eur session to end us session) and i think that is all.
Let me know if anything is unclear but i will post a picture below.
Juicyt
Attached File(s)
"Even if you fall down face first, you still went forward."
