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EMA/RSI Trend Spotter system

  • #121
  • Jul 24, 2010 1:57pm Jul 24, 2010 1:57pm
Hi Guys!!

I've been testing this indicator both in 5 min in 15 min in a demo account and I found very interesting.Only problem I found was that shifting the graph of 5 min to 15 min and returning back to graph 5 min the signals of the arrows are different from originals.Someone has had this problem? As has been resolved?

Thankssss
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  • #122
  • Jul 28, 2010 10:06pm Jul 28, 2010 10:06pm
Quoting jswin
Hi, the arrows on the screen are not a representation of all signals. I have observed that the arrows disappear if the relevant EMA's cross back over each other shortly after a signal arrow is generated - and are hence fake signals. As far as I can tell, this indi would need to be coded so that arrows remain on the screen to ascertain true performance.
Just trade after the first or second candle after the arrow closes.
most of these go for many candles so 2 aint worth crying over when its confirming the trend
  • #123
  • Nov 16, 2010 2:10am Nov 16, 2010 2:10am
How many points of trailing stop loss do you set on 5 digit broker on 5 min chart?

Thanks.
Quoting techfan1128
If you look back over your charts, it differs in market conditions. It seems to average 1 or 2 per day on each currency pair. keep in mind you can trade this on multiple pairs, so you will have alot of opportunities.

Also, look for a ranging area, it is pretty solid even in those spots. You will get some false signals, but for the most part you will have small losses. Often times you will get no signals during choppy conditions.

Keep in mind, when you are getting a signal, most of the time the market is breaking out and you stand to gain 20-80,...
  • #124
  • Dec 8, 2010 7:15pm Dec 8, 2010 7:15pm
Quoting TallCoolOne
Hi Guys,

Here is the updated Mary EA. The jumpstop and BE were not working correctly. I believe those issues have been corrected. I need to work on the dynamic lot allocation - for now you will have to set your lot size manually. Has anyone been testing this? Is there any interest? Also, I'm attaching the profitable set file that I have for EURUSD M15 backtest - 1/1/2009 thru present.

Thanks - E
Hi TCO.

Any interest? Yes.

Downloaded your first attempt a few pages back and put it into mt4.

Now I've been trading for a few years, but EA's are new to me on the basis that they work some of the time and lose you money most of the other time when the conditions they were built for change.
But I also believe most of the settings are too wrong with reach for the sky trades or bad r/r ratios.

Having said that I want a bot to trade for me when I am away from the computer. A simple program that is not greedy and takes small profits and equally small losses.

What I am trying to get to is a simple EMA cross 5/10 linked to a rsi 10 cross of a 50 line.

This is simple and effective, but my programming skills are pretty bad.
Can you help me out with this? Or can anyone else help?
stop loss and tp etc must be able to be variable.

Also, (And I know this is going to be a stupid error on my part).
I have put on a few Ea's on a couple of 1 min charts just to see them working. But nothing is happening!
I have the smiley face on the chart and live trading allowed, dde allowed. In fact everything allowed, but nothing is happening.

Can anyone tell me what my basic mistake is please?
  • #125
  • Dec 8, 2010 7:32pm Dec 8, 2010 7:32pm
Okay I have just found out about 'compiling'.

Will see if that works.
  • #126
  • Dec 9, 2010 12:04am Dec 9, 2010 12:04am
Ermmm, error 133

Anyone?
  • #127
  • Feb 18, 2011 5:25am Feb 18, 2011 5:25am
Hi all I hope this indie work well for you . Have a good trading.
Attached File(s)
File Type: mq4 EMA_RSI_Signal.mq4   4 KB | 1,947 downloads
  • #128
  • Aug 26, 2015 3:51am Aug 26, 2015 3:51am
what ema will used with rsi???
  • #129
  • Last Post: Dec 21, 2015 8:12am Dec 21, 2015 8:12am
looks its repaint anyone have norepaint version ?
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