EA based on moving average

Hello fellow Forex Factory members,

I'm already using the services of Forex Factory for several months but it is only recently that I've start using the forum. And I'm impressed by the Ubuntu feeling that is shared by many of you. For this, all my compliments. If you know in all honesty that you don't share this feeling of '' I am because we are '' don't hesitate to skip this thread. This will just save everyone time and energy. Thanks in advance.

If I want to ask you for help I think a short introduction is in it's place. You can call me by my usually used online name; Frietzak. I live in the Netherlands and I'm at the time of writing 19 years old. Please let this not be in any form a valid excuse for my behavior, ideas or performances. I am an entrepreneur and self employed and don't go to school anymore. To avoid confusion, I decided after the completion of my study to not continue studying. This was a conscious choice of which I am still 100% convinced that it was the right choice. After attending an online private Forex course is my Forex knowledge slowly increasing but I also know that I'm not there yet. And that's one of the reasons why I like to go on this adventure together with you.

I've developed together with my programmer an expert advisor based on my ideas and that of one of my fellow students. This expert advisor is mainly made because I had problems controlling my emotions when there was money at stake.

Enough talk about me. Let's talk about the EA and how it works. The principle of the EA is quite simple. The EA uses a moving average and calculates based on the selected time frame every 1M, 5M, 15M, 30M, 1H, 4H, daily, weekly or monthly the degree of the angle of the line. When the degree meets the pre-set value will there automatically a position taken. The system is so designed that it should, atleast in theory, work on each time frame. The EA has several adaptable options and is within the system adaptable to your own idea. For example I use the system on a daily time frame on 21 different pairs. But I'm pretty sure this is not the best option. Therefore I would like to look with you for the best settings.

The following options are in the EA:
- Lot risk as % of equity available divided by risk divisor
- Fixed lot size (Disables Lot risk)
- Stop Loss
- Take profit
- EMA period
- Shift
- MA method
- Applied price
- Angle Coefficient
- Use Trigger Lines as part of open criteria
- Close trade on change of Triggerline
- Close trade on angle coefficient reversal
- Close if angle is flat at bar close
- Close orders mid-bar if angle reverses
- Initial SL move; level to move SL to
- Use Trailing Stop Loss; move stop every xx pips
- Restict trading to set times (used MT4 broker time)
- Mins before news to carry out the following actions
- Add stop loss / take profit pre news to loss trades
- Close trades in profit pre news
- Don't open trades before news

Each of these options can be turned on or off.

Because the EA uses a live feed for tracing red news is testing the EA with a strategy tester a bit harder. I have added in the appendix the historical data for the news of 2013 which need to be placed in the "MT4\tester\files" folder. When running the EA in the strategy tester, you need to manually enter the offset between GMT and MT4 (positive if MT4 ahead of GMT and vice versa) (don't forget to adjust for daylight saving time if necessary for the period you're running).

In order to protect the asset I offer each one of you atleast for now a serial code till 2014.08.31. The serial code is: 04gp-RvYg-NUd2-HXaS

It is quite possible that I forgot to tell you some things. Should this be the case feel free to address this so I can react as soon as possible with proper feedback.

If you have questions feel free to ask them.

I will add in my next post, the other historical data of 2013.

Thanks for your precious time and I apologize for the possible misuse of English grammar.

Best regards,

Frietzak

Hi everyone,

As promised here the rest of the historical data of 2013 for testing the EA in the strategy tester.

Best regards,

Frietzak

Hello,

This is a great system.I have also done a system similar to yours before. I would like to add my recomendatons. instead of uploading the calenders why dont you automate the calender? I am sure that you are wondering how possible it is, well, there are some expert advisors that have calenders;

1. You can call function from the calender indicator, please follow the link http://www.forexfactory.com/showthread.php?t=326551,

or

2. You can add the calender using the calender API on some of the websites and forums.

Hope that will be of great help to you.

Hi Fredkam,

Thanks for your comment! The results obtained with the EA are still vicissitudinous and I am therefore still busy looking for the best settings.

Also thanks for your recommendation, but I'm not sure if we understand each other well enough. The system as you describe in your recommendation is already implemented into the EA. The historical data of 2013 is specifically developed for the testing of the EA in the past because it appears that websites and forums don't offer a long period of historical data. (Often it is not more than 2 to 3 months ago in the past.)

Is this what you meant?

Best regards,

Frietzak

I think that it is now clear. I will be looking forth to do a similar project but with couple of advancements here and there.

Thanks for sharing the EA. May I know how much ROI you gather per month base on this?

you might find this interesting
have fun

http://articles.mql4.com/163

Hi Chaosbun,

Thank you for your interest in the EA! For what my stats are worth, I got about 8 to 20% ROI per month. But I need to add a small disclaimer. The study was not conclusive enough. The period of testing was too short and I did not pay enough attention to the drawdown. In addition, the EA took only a maximum of two trades per week during the test period based on the timeframe that I used (Daily).

Best regards,

Frietzak

Frietzak,

I am interested in your efforts here. I have always been in favor of EAs, as I believe them to be the best way to take emotion completely out of the market. Trading needs to be cold, calculated, and logical, and an EA allows for that. Being a trend trader, I have also long thought about the idea of using moving average slope angles to initiate positions, as it essentially means the trend is firmly established, I believe.

That said, I do not put much stock in the strategy tester. I would much rather participate in forward testing using my best guess on the proper settings and then adjust from there over time. Hopefully I can be of some help.

Thanks for your contribution to FF, and I wish you well!

TF

Please post set up for tf15

Hi MAM.Trader,

Thanks for sharing a very interesting article. It has definitely given me new insights. Again, thanks for that!

Best regards,

Frietzak

Hi Turtlefan,

Thank you for your interest in the EA. I notice that we share the same thoughts. As very good described in the article offered by MAM.Trader '' the work of the expert on a real account and its modeling in Strategy Tester differ from each other. The difference consists in that modeling does not consider rejections to execute orders and requotes that occur in the real trading. ''

Your help is more than welcome! This all is new for me. Should I assume that you will return with feedback on this thread when you have found something?

Thanks in advance for your help and I look forward to the collaboration.

Best regards,

Frietzak

pleasure!

Absolutely! I will report back when I have some results.

TF

thx for your work, but i have no operations. I don't understand the reason. Ea is property installed. Thx for your attention.

Hi Andy60rm,

Thank you for your interest in the EA. You may have forgotten to enter the serial code; 04gp-RvYg-NUd2-HXaS. Or is there a problem before you can enter a serial code?

Best regards,

Frietzak

Hi Frietzak,

I'd be interested to hear how you have got on with testing of this EA. Could you also post an updated serial code as the expiry time of the one above has passed.

Thanks.

Hello,
I don't know if the EA is still working but I test it and it didn't place any trade on my 5 min chart.