I have added NON_LAG_MA set to H1 to filter and reduce bad signals from the MA_BANDS indicator. For the default EA settings, it is recommended to use a chart timeframe of M5 (although M15 can also be used). However, you can change the NON_LAG_MA timeframe and use a higher timeframe like H4 or Daily.
Aqua Line | Valid BUY signal | EA will open BUY
Yellow Line | Valid SELL signal | EA will open SELL
White Line / Square box | Invalid Signal | No Trade
EA TESTED on live market | The last valid signal on LTCUSD is SELL
By default, the SL and TP are set to 35 pips (but can be changed). If the signal changes before hitting TP, the EA will close the trade and open a new opposite trade, Only if the signal is VALID.
NB:
MA_BBands_V4.3#4ea and non_lag_ma_mtf_histo_alerts_arrows#4ea | Put into Indicators folder | Dont change indicator Name.
MA_BANDS_NON_LAG_MA_EA | Put into
Inserted Code
#property copyright ":copyright: MwlRCT | May 21,2023" #property link "https://www.forexfactory.com/mwlrct" #property description "To everyone, If you have any indicator(s) that need to be turned into an EA, just send me a private message." #property description "It's FREE for a single indicator. " #property description "And you have to pay ONLY $100 for each additional indicator."
Attached File(s)
MA_BANDS_NON_LAG_MA_EA.ex4
196 KB
|
236 downloads
MA_BBands_V4.3#4ea.ex4
13 KB
|
247 downloads
non_lag_ma_mtf_histo_alerts_arrows#4ea.ex4
43 KB
|
291 downloads
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