EMA-based EA needed | Forex Factory

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EMA-based EA needed

  • #1
  • First Post: Jul 19, 2012 8:37pm Jul 19, 2012 8:37pm
Hey Guys,
I am in need of a ea if anyone can help, I dont mind paying so no probs there.
I want a ea to enter (preselectable size) when price hits a selected ema in the direction where price came from.
Also a preselected stop and limit all adjustable would be great.
I have searched my ass of and havent been able to come up with anything close.
Any help appreciated.
Cheers
  • #2
  • Jul 19, 2012 9:57pm Jul 19, 2012 9:57pm
From what you said so far, that's just a basic EA to code, but the instructions aren't specific enough.

Post up a pick with specifics about the MA, and entry rules. That would help a ton.
No way I'll wreck this... It's a beer truck!
  • #3
  • Jul 20, 2012 1:06am Jul 20, 2012 1:06am
Hey Bruce,
I didnt think it would be to complex.
What im after is the ea to trade when price touches the ema, so when price moves away from a ema and when its coming back toward the ema I want to be able to turn on the ea and it will trade the touch of the ema, see chart attached where I have the line is the touch of the ema so when I see price comign back up to the ema I can turn it on and it will trade the touch.
Hope that makes more sense.
Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.jpg Size: 206 KB
  • #4
  • Jul 20, 2012 3:31am Jul 20, 2012 3:31am
Here's a basic working shell. Your MA looked like an EMA sat to 55 on the one hour chart, so that's the default. It has a directional bias based on whatever MA period you choose, but you're stuck with an EMA for the type.

What I mean by bias is, if you turn it on, and your MA is falling, it will only look for shorts. If your MA is going up, a touch will only trigger longs.

It has all the basics, like digit and error accounting, so it should run pretty smoothly.

If you need more done, just ask.
Attached File(s)
File Type: mq4 MA Touch.mq4   12 KB | 470 downloads
No way I'll wreck this... It's a beer truck!
  • #5
  • Jul 20, 2012 4:23am Jul 20, 2012 4:23am
Hey Bruce,
You are a bloody champion.
Just with the direction of the ema as in if up go long and if down go short the only thing with that is with a lesser value ema when price hits it for a short it may actually be pointing up so would get in the wrong way so with that in mind I think it needs to go in the direction where price came from. Hope that makes sense.
Ema is the only ma I want to select so thats great but can I change the value of the ema myself by modifying it in the editor?
Thanks again Bruce appreciated.
  • #6
  • Edited 5:27am Jul 20, 2012 4:50am | Edited 5:27am
Quoting sutters
Hey Bruce,
You are a bloody champion.
Just with the direction of the ema as in if up go long and if down go short the only thing with that is with a lesser value ema when price hits it for a short it may actually be pointing up so would get in the wrong way so with that in mind I think it needs to go in the direction where price came from. Hope that makes sense.
Ema is the only ma I want to select so thats great but can I change the value of the ema myself by modifying it in the editor?
Thanks again Bruce appreciated.
Yes, you can adjust the MA value in the properties box when you attach the EA.

Set the value you want in the "MA_Period" setting, and off you go. Everything that pertains to will adjust accordingly.

Also, the values of the directional MAs are sat to be very close together, so it's not very sensitive. What I mean by that is, if price is falling, it won't accidentally take a long. And if you ARE worried about that happening, when you open the EA, in the properties box, just click the "Commons" tab. Then choose only the direction you are looking for. That will prevent accidents.

I'm assuming you are going to be monitoring this. It's not a "set it and forget it" type EA. It has a distinct purpose. If price does turn, it's a slow ship to recognize it, so you'd likely take some dings

As long as you are paying attention, it should do fine. I've had some other ideas to better it a bit, so, I may upload version 2 sometime here in the near future.
No way I'll wreck this... It's a beer truck!
  • #7
  • Jul 20, 2012 8:31am Jul 20, 2012 8:31am
Thanks again Bruce, will give her a bash and get back to you.
Got a few other ideas if your intertested, they could be profitable and they may not.
  • #8
  • Jul 20, 2012 9:07am Jul 20, 2012 9:07am
Hey Bruce,
Shes working well bud except for one thing once the price hits ema it takes approx 1 minute to enter it may have even been about 2 min.
Anythign you can do to speed her up.
Cheers
  • #9
  • Jul 20, 2012 9:51am Jul 20, 2012 9:51am
Me again Bruce,
Is there any chance of making it a script instead of a ea, I have some order entry scripts and I use hotkeys with them and this ea has seemed to stuff them up in some way not sure how but yeah.
I can set up a hot key for the ema script aswell so that would be great.
  • #10
  • Jul 20, 2012 4:16pm Jul 20, 2012 4:16pm
Quoting sutters
Hey Bruce,
Shes working well bud except for one thing once the price hits ema it takes approx 1 minute to enter it may have even been about 2 min.
Anythign you can do to speed her up.
Cheers
To make trades faster, try setting "Use Completed Bars" to false.

As for turning it into a script, or why it would cause your other scripts to act strange, I have no clue. I don't use scripts often myself. If I do, it's because I've turned them into functions and used them for another purpose.
No way I'll wreck this... It's a beer truck!
  • #11
  • Aug 2, 2012 1:59am Aug 2, 2012 1:59am
Hey Bruce,
Shes working a absolute treat bud thanks very much for that, appreciate it.

Cheers
  • #12
  • Last Post: Aug 2, 2012 4:35am Aug 2, 2012 4:35am
Quoting Bruce Flea
To make trades faster, try setting "Use Completed Bars" to false.

As for turning it into a script, or why it would cause your other scripts to act strange, I have no clue. I don't use scripts often myself. If I do, it's because I've turned them into functions and used them for another purpose.
Hey Bruce Flea, great work - I have sent you a PM if you would have a look please.
AndyG
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