Hello FF,
So here I am again, bothering you rookie questions
I am looking for the best filter (most likely MA) for H1 chart, so I can buy above it and sell below it.
I am working on a EA (will post it for evaluation when done) which will place buy or sell orders following the previous candles direction when a new candle opens (on H1). The concept works with a trend but it will lose when a trend change. Of-course I have plans to place SL but even so, I think placing a MA filter will reduce the amount of reverse moves.
I heard EMA 200 (close) is a good filter for H1 chart. Not sure. Right now I am working with the codes, will try different MAs later. I'll be really grateful if you could kindly suggest me some numbers/methods.
Thank you for you time
I hope I would be able to make a long term profitable EA with your help.
Have a nice day.
So here I am again, bothering you rookie questions
I am looking for the best filter (most likely MA) for H1 chart, so I can buy above it and sell below it.
I am working on a EA (will post it for evaluation when done) which will place buy or sell orders following the previous candles direction when a new candle opens (on H1). The concept works with a trend but it will lose when a trend change. Of-course I have plans to place SL but even so, I think placing a MA filter will reduce the amount of reverse moves.
I heard EMA 200 (close) is a good filter for H1 chart. Not sure. Right now I am working with the codes, will try different MAs later. I'll be really grateful if you could kindly suggest me some numbers/methods.
Thank you for you time
I hope I would be able to make a long term profitable EA with your help.
Have a nice day.
" The fool who never traded Demo "