How do you make them cross?
Need Help w/Expert Advisor
I have the RSI and EMA plotted below the main chart. When the price breaks out of my the price channel and the RSI crosses the EMA, I open a trade. My exit is when the RSI comes back and crosses the EMA. I have a chart attached with some trades last week. I am at work so I do not have this in MT4 and I do not have the price channel. thanks
Thats the first time I see EMA of RSI
Sorry, can't help. That charting package is not MT4 by the way. It would require a new indicator for that.
Or it would require someone who can add a EMA into the RSI and make RSI EMA indicator. I can make an EA that will close the trade after the cross but it will work with closed bars only.
Need Help w/Expert Advisor
Thanks Shinigami. I have a second choice. How about an EA that will close a trade when 2 MAs cross ? I have an attachment that shows the details(you may need to view with print preview). The close will be when the EMA (2 period set to the close price) crosses the SMA (3 period set to the open price). Thank you very much, really appreciate your help.
Just for information:
Thank you..
Thanks mobdeep386.. I tried to get MA on RSI last night and could not do it. Can you explain how to get to "first indicator data" ? thx
open MT4 chart
Ctrl+ N
Indicators
drag and drop RSI on the chart
a window appears
ok
drag and drop MA
a window appears
select exponential mod
also select first indicator's data instead of close in the winwow
Done
thanks, I'll try it.
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Hi Traders, I am trying to create an Expert Advisor that will close a trade when the RSI 13 crosses the EMA 6. I pan to manually open the trade but would like it closed with this expert advisor. Can I get one of you programmers to help me or point me to someone who can ? I am new to MT4 and have started reading through the user guide but I am far from being able to write this. thank you,