Wma 5/20 - Ema - page 13
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Kalenzo,
This is 5 indicators I am using (attached in zip file). And Template (place it in /template folder, the indicators are in /indicator folder compiled and all the settings will be automatically).
H1 timeframe.
Settings:
wma_cross_confirm (ShortPeriod 5; BigPeriod 34);
wma_cross (ShortPeriod 5; BigPeriod 55);
^Pivot_ResSup (Formula 0);
NRTR (AveragePeriod 10; CountBars 300);
NRTR WATR (AveragePeriod 10; Variant 2; CountBars 300);
SAR_COLOR (Step 0.015; Maximum 0.3; Precision 4).
Rules are the simple: it should be dot and arrow on the same
bar with the same color and all the color of the other indicators should be the same (on this closed bar). Besides, It should be validated by your SAR.
Still do not know about exit. We may exit on your SAR. In this case we will catch big trades and will have some losses as well.
But it may be an other exit (trailing for example).
Look at the chart.
Is this a valid sell signal?
Have U tryed this method on a lower timeframe?
Look at the chart.
Is this a valid sell signal?
Have U tryed this method on a lower timeframe?No, signal is not valid. Because it should be dot and arrow on the same bar.
It means: wma5 is crossing wma55 and wma5 is crossing wma34 on the same bar.
Signal not valid.
As to lower timeframe so I tried. It is very difficult.
It should be an other correlation and, may be, additional filter.
I will try.
Well.
Kalenzo,
Look at the images.
If we follow the rules there are no any signals on EURUSD since 10th of January till now (image 1).
And only one signal on USDCHF since 10th of January and may be in profit (image 2).
And only one valid signal on GBPUSD since 10th of January and in profit as well (image 3).
Two valid signals on USDJPY (one signal should be in profit). Image 4.
Well.
Kalenzo,
Look at the images.
If we follow the rules there are no any signals on EURUSD since 10th of January till now (image 1).
And only one signal on USDCHF since 10th of January and may be in profit (image 2).
And only one valid signal on GBPUSD since 10th of January and in profit as well (image 3).
Two valid signals on USDJPY (one signal should be in profit). Image 4.Not many signals... and not all are proftable...
Well, mabye we use too many filters.
I will try to write that indicator- https://www.mql5.com/en/forum/173334 mabye it will be useful for our idea.
It is ok.
We may have one profitable signal per pair per week
.
It is ok. One or zero.
4 pairs - 4 signals.
If we reduce the timeframe we will have one valid signal per month.
So H1 timeframe is ok.
It is the better to have 100 p per week then to trade all the time to have nothing.
Just backtesting since 10th of January:
- eurusd - nothing;
- usdchf +23;
- gbpusd +56;
- usdjpy -9; +53;
Totally +123.
H1. Exit on Kalenzo's SAR.
I understand that it is the bad manner to backtest idea instead of forward testing. But it is better then nothing.
I will backtest it of course.
Just backtesting since 10th of January:
- eurusd - nothing;
- usdchf +23;
- gbpusd +56;
- usdjpy -9; +53;
Totally +123.
H1. Exit on Kalenzo's SAR.
I understand that it is the bad manner to backtest idea instead of forward testing. But it is better then nothing.
I will backtest it of course.It may be optional. If we have NRTR indicator as a filter we will have +123 from 10th January.
But if somebody like to trade often and will agree with losses just to get big profit we may trade without this NRTR indicator.
Everything is the same but we do not have NRTR indicator only:
- eurusd - nothing;
- usdchf +23;
- gbpusd -24; +56; +81 (still opened);
- usdjpy -9; +53.
So, +180 in total.
This calculation is very preliminary one and may be I confused with something.
But if somebody will try to improve this system it will be very good.
This system is working on H1 timeframe only.
But I am also interesting on M15 timeframe for example.
Will try to modify this system for M15 if possible.