{quote} I think there are better pairs then GJ to trade.
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Did you make some tests yet? Maybe today I will have time to visually inspect some pairs on H1 timeframe... definitely long and steady trends needed to be profitable...:-)
Maybe we should apply ADX somehow in the logic, to measure trend strength?
After some days of forward testing the results don't look good (at least on GBPJPY), too many reversals and too many SLs hit...
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Hi i am playing since few days with your first EA and only on the GJ pair..
I still think there is some potential here... but of course...not completely automatic...
i would not do the EA more complicated adding extra things,,, the third MA is already redondant...
what i would suggest ( if i may ) is an option to close all positions at a certain Profit/loss... that would be really handy...expecially when you use the EA on short timeframes and you suddendly have plenty of open positions..
I would not give up so early on this pair...
it is the craziest here...but for this reason the one with more potential...
The numbers of the MA's nik put at the start of the thread...are not really (always in my opinion ) the best...so also on that some other experiments are required...
{quote} Hi i am playing since few days with your first EA and only on the GJ pair.. I still think there is some potential here... but of course...not completely automatic... i would not do the EA more complicated adding extra things,,, the third MA is already redondant... what i would suggest ( if i may ) is an option to close all positions at a certain Profit/loss... that would be really handy...expecially when you use the EA on short timeframes and you suddendly have plenty of open positions.. I would not give up so early on this pair... it is...
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That idea sounds good: the close after certain profit/loss... seems I have to begin programming the momey management in the EA...:-)
Look at GBPJPY today afternoon-evening (CET):
I've got 15 longs open, in the 177.95-178.15 range, and all I can do is pray, for a good north movement in the Tokyo session...:-)
{quote} It's a good idea B-naire. However, I'm not the guy, who likes trading with indicators, because I do not think that in forex market indicators do provide "proper" information. If uafx will help (of course) we can try to use RSI as well, but to be honest, I like closing after certain %gain more.
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Friend, it is not the question of like or dislike. If it helps then great. MAs are indicators too. When I first started testing yr EA, I mean the EA that was built based on yr idea I understood that there is a potential there. However it's frustrating to see the orders building up when the market is already overbought or oversold. So instead of using third MA it would be sound I guess to try to filter out those deals in overbought/oversold areas with simple RSI. Not that I am a fan of any indicators either. Just figuring that it may help. I have faith in this EA.
{quote} Friend, it is not the question of like or dislike. If it helps then great. MAs are indicators too. When I first started testing yr EA, I mean the EA that was built based on yr idea I understood that there is a potential there. However it's frustrating to see the orders building up when the market is already overbought or oversold. So instead of using third MA it would be sound I guess to try to filter out those deals in overbought/oversold areas with simple RSI. Not that I am a fan of any indicators either. Just figuring that it may help....
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even though I don't like indicators, that does not mean that I won't use it if it will work.
it's fine be me, let's try it.
so what do we need?
1: RSI
2: ADX
3: close all trades for week when we gain xx%
4: remove 3rd MA
5: let's try it on other pairs may be?
{quote} even though I don't like indicators, that does not mean that I won't use it if it will work. it's fine be me, let's try it. so what do we need? 1: RSI 2: ADX 3: close all trades for week when we gain xx% 4: remove 3rd MA 5: let's try it on other pairs may be? other thoughts?
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No no. Let's not complicate it. Just add RSI. No ADX. No close on gain. remove third MA.
I like how it accumulates orders but too much on top and bottom so I guess by just adding RSI it can help, but who knows.
{quote} No no. Let's not complicate it. Just add RSI. No ADX. No close on gain. remove third MA. I like how it accumulates orders but too much on top and bottom so I guess by just adding RSI it can help, but who knows.
hi i still think that the option of closing at certain profit/loss is a must...
you dont want to accumulate too many open positions,expecially if you use the Ea on lower time frame...
thanks...
Here you go, EA with RSI . When moving_average_3 == 0 then algorithm works only with two sma (first and second), so you can play with 2 or 3 smas. {file}
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