Ea to be developped on cross ema 15 and 40

Ea to be developped on cross ema 15 and 40
Dear All



please inform who in the group would be interested to developp an EA
based on hand method (tpl) which had good records and that i am using since 2 months


Time frame : H1
indicators used : cross ema 15 and ema 40 (based on close)
technic : close and reverse on cross ema 15 and 40
results : more than 300 pips a week on each currency
material : enclosed a gif explaining


************************
Trading Methodology
***********************

Long position rules
********************
entry rules: open trade when ema 15 is crossing above ema 40 enter a long
TP : open
SL : 40
trailing stop: 40
TP : Take profit when ema 40 is crossing below ema 15 Confirmed by ema 40 under ema 15

then Close and reverse


Short position rules
**********************
entry rules: open trade when ema 40 is crossing down ema 15
TP : open
SL : 50
trailing stop: 50

************************************************** ***
Ema cross 1540 tech data in order to developp an expert advisor (EA)
************************************************** ***
Lots : 1
Maximum lots : 2
TP : open
SL : 40
TS : 40
Money management (to be included)
Start hour H1
End hour H1
Start hour H2
End hour H2
Close and reverse



enclosed : gif + tpl


awaiting your comments

Kind regards
ZIFX25000

Hi,

Just a couple clarifications please.

Just making sure: The signal is a full cross not a touch, right?

Does the trailing stop move every pip or just every 40/50 pips?

What does this mean:

Start hour H1
End hour H1
Start hour H2
End hour H2

Just curious: Why is long different from short? Should this be based on the trend direction instead?

I don't think your .tlp got attached, could you try again (or tell me what I'm missing)?

Hi zifx25000

Im interested , but have no high level computer skills...But it sure looks like a good system, have you traded it for real, and what is your % of winning trades vs loosing? Thanks in advance,

FT

Well I only had a half hour spare, so please check it ... but here I think is what you are talking about in the form of an EA. Attached also is the graph (detailed html was too huge to post) over the last years data at 90% quality for the EUR/USD and USD/CHF tested on an every tick basis (the most accurate for MT4, but still not 100% accurate) on a 1H chart.

It trails a 40 pip stop, only adjusting (on a tick by tick basis) if you are locking in more profit, and only starts trailing once price has moved more than 40 pips in your favour, opening on a cross of the ema's, closing on the crossing in the other direction of the ema's or the trailing stop being hit, whichever first.

I've programmed it in a way that you can adjust the periods of your EMA's as well as the size of your trailing stop, and initial stop loss, as this type of system is a super common request. Note there is no money management included (i.e. adjusting lot size according to equity).

Hope it is what you needed.

If your going for a strategy like this you are much better off with a 50 LWMA and a stepMA, they give much cleaner and faster entries.

"results : more than 300 pips a week on each currency"


Bit optimistic I think unless trading more than one lot and adding the results.

Maybe 300 pips on the one week that you posted a chart for, most weeks are profitable but you need to be realistic.

The backtesting results on the USDCHF over the last year show there is potential for substantial losses with the current settings ... of course the backtesting results of MT cannot be taken completely on face value, but from some manual verification I did before posting the results, they seem to reasonable indicative of what might be expected.

Akuma99: I ran your EA without any changes on 1hr eurusd, and got following error messages:

2007.02.28 06:42:06 2007.02.23 17:00 EMACross EURUSD,H1: Error opening BUY order : 130
2007.02.28 06:41:54 2007.02.20 20:00 EMACross EURUSD,H1: Error opening SELL order : 130


There were no errors during compilation.

How can this be corrected?

Thanks,

thank you for your time . the ea opens but dont close and reverse at cross of the ema's what am i doing wrong any help will be highly appritiated thank you in advance.