Hello.
I have been testing indicators for a long time and was wanting to know if it is possible to create an EA using 2 separate indicators that are complex.
I am talking about using the indicators
sa_MTEI_Supertrend
goldminer 2
indicators. As you will see from downloading and loading into your metatrader the indicators both paint blue for buy and red for sells but they use somewhat different components to deterimine when to buy and sell and they tend to repaint as most indicators do with one exception.
The exception is when both indicators show the same direction.
Because of this exception it lowers the whipsaw action that it frustrating for indicator followers and money loosers for the various EA out there.
Is it possible to create an EA using these two indicators????
The terms of the EA are pretty simple.
The EA would run watching both indicators until they have a match. (say Blue for uptrend) The EA at the close of the candlestick timeframe would then initiate a BUY order because both indicators show blue. This BUY would continue to remain open until both indicators show red. At the close of the both indicators showing red the BUY order would be closed and a SELL order would be intiated. That's it.
Of course you would want the customary user customizations of Lot Size, Take Profit, Stop Loss, and being able to adjust the inputs of the properties of the indicators in the EA. Other than that I don't know of any other changes.
If any programmers could give this a look over it would be greatly appreciated and your feedback would be most welcome and helpful.
Best Regards.
P.S. I also include the template that I use for the indicator it is called goldsupertrader.
I have been testing indicators for a long time and was wanting to know if it is possible to create an EA using 2 separate indicators that are complex.
I am talking about using the indicators
sa_MTEI_Supertrend
goldminer 2
indicators. As you will see from downloading and loading into your metatrader the indicators both paint blue for buy and red for sells but they use somewhat different components to deterimine when to buy and sell and they tend to repaint as most indicators do with one exception.
The exception is when both indicators show the same direction.
Because of this exception it lowers the whipsaw action that it frustrating for indicator followers and money loosers for the various EA out there.
Is it possible to create an EA using these two indicators????
The terms of the EA are pretty simple.
The EA would run watching both indicators until they have a match. (say Blue for uptrend) The EA at the close of the candlestick timeframe would then initiate a BUY order because both indicators show blue. This BUY would continue to remain open until both indicators show red. At the close of the both indicators showing red the BUY order would be closed and a SELL order would be intiated. That's it.
Of course you would want the customary user customizations of Lot Size, Take Profit, Stop Loss, and being able to adjust the inputs of the properties of the indicators in the EA. Other than that I don't know of any other changes.
If any programmers could give this a look over it would be greatly appreciated and your feedback would be most welcome and helpful.
Best Regards.
P.S. I also include the template that I use for the indicator it is called goldsupertrader.
Attached File(s)
