I have an idea. Potential for a simple EA.

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Hi all,

It's been a while since I've been around here. Great to see that the community is still thriving!

I've not had a lot of time for forex lately, but in the last weeks I've decided to try and simplify. I've come across a simple system that could work for multiple timeframes and pairs. I've been manually forward testing on the dailys for a couple of weeks and still have more money than I started with. I did a 16 trade manual backtest of the 30min GU and had 14 winners. That was with a 1:1 RR ratio.

So onto the system (it's not rocket science so I'm happy to share).

Indicators

macd 12,26,9

OSMA 12,26,9

SMA 233 of Close

SMA 55 of Close

Rules (at close of bar) for Buy:

OSMA and MACD > 0

Close of bar is > Both SMA's

Stop = Close - ATR(3) * 1.5 (would like the ATR and the Ratio to be variable)

TP = Close + ATR(3) *1.5 (again, I'd like the values to be variable)

Flip it all for Sell.

Money management is fixed percentage risk (Variable would be great for testing).

Why I'd like an EA of this:

1) to test more pairs and time frames. I can go through manually, but it would be a lot better with an EA. Once backtests give the all clear. I'd like to start forward testing for a few months.

2) to play with some more R/R ratios and multiples of ATR for the stop and profit targets. See if it's feasible and how it affects the win/loss etc.

3) To hopefully take it live with a small amount and see what happens.

some things I'd like to consider as add on:

1) only trade opening hours.

2) depending on back tests as I can muster, I'd be open to having an 'x' step increase of percentage risk. something like trade 1 loss then increase percentage risk. But only for 3 or 4 steps. This all depends on maximum number of losses over > 10 years of back tests.

If anybody is interested in knocking up an EA that would be splendid and hopefully a good resource for all of us here.

Peace

Stuart

 

I will create EA for this strategy tomorrow.

 

Here is EA for your strategy. EA inputs are described here. Choose from expanding menu: "Created EAs usage tutorial" -> "EA Parameters (inputs)".

I hope you let us know the best inputs when you find them.

Files:
stubish_ea.ex4  68 kb
 

I have a idea for EA, Go buy if timeframe M5 MA5 > MA7 and close price of H1 > MA14 and Go Short if MA5<MA7 and close price of H1 <MA14. Please help me write this EA

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