I would like to seek assistance from the expert progammers here in FF for developing an EA for this system. I have done visual backtests for this system, coupled with strict MM, it has generated an average of 40-50% winners, 40-50% of Breakevens and 10-20% of losers.
The strength about this system is you will have a 80-90% chance of not losing, which is very critical to traders in the long run. But...
The drawback is by only carrying visual backtesting, I'm afraid that there would be too much gray area that I might have subconciously filtered out.
At such I would like like to invite you guys to join me in developing an EA for this and witness if this could serves as another good system for our fellow traders.
The idea of the system is pretty simple - based on zerolag macd and 2 MAs, describes as follows:
Indicators required (as attached):
1. Zerolag MACD*
2. EMA 6 to close
3. EMA 8 to open
*note: I didn't create this indicator and thanks to whoever shared it with us.
TimeframeTraded:
15M
Pair Traded:
EURUSD
Time Traded:
London Open to London Close (GMT: 0900 - 1700)
Entry Rules for LONG:
1. ZL MACD diverges (not more than 4 bars since its divergence)
2. EMA 6 crosses over EMA 8
3. Wait for candle to close for confirmation
4. Wait for pullback of 1/3 of the previous candle, wait time is (2 candles after signal candle or 30 mins), if that expires we will look for new signals.
5. Viceversa for SHORT
TP and SL:
1. TP 22 pips minimum or next SR (includes 2 pips spread)
2. SL 20 pips maximum or next SR (includes 2 pips spread)
*For simple programming just stick to 20 pips at the time being. Thanks.
MM:
Set position to BE if price go against OR in favor by 10 pips, valid only after the entry candle is closed.
Please revert. The community needs our help. Thank you.
The strength about this system is you will have a 80-90% chance of not losing, which is very critical to traders in the long run. But...
The drawback is by only carrying visual backtesting, I'm afraid that there would be too much gray area that I might have subconciously filtered out.
At such I would like like to invite you guys to join me in developing an EA for this and witness if this could serves as another good system for our fellow traders.
The idea of the system is pretty simple - based on zerolag macd and 2 MAs, describes as follows:
Indicators required (as attached):
1. Zerolag MACD*
2. EMA 6 to close
3. EMA 8 to open
*note: I didn't create this indicator and thanks to whoever shared it with us.
TimeframeTraded:
15M
Pair Traded:
EURUSD
Time Traded:
London Open to London Close (GMT: 0900 - 1700)
Entry Rules for LONG:
1. ZL MACD diverges (not more than 4 bars since its divergence)
2. EMA 6 crosses over EMA 8
3. Wait for candle to close for confirmation
4. Wait for pullback of 1/3 of the previous candle, wait time is (2 candles after signal candle or 30 mins), if that expires we will look for new signals.
5. Viceversa for SHORT
TP and SL:
1. TP 22 pips minimum or next SR (includes 2 pips spread)
2. SL 20 pips maximum or next SR (includes 2 pips spread)
*For simple programming just stick to 20 pips at the time being. Thanks.
MM:
Set position to BE if price go against OR in favor by 10 pips, valid only after the entry candle is closed.
Please revert. The community needs our help. Thank you.
Attached File(s)
ZeroLag MACD.ex4
4 KB
|
657 downloads
ZeroLag_MACD.mq4
3 KB
|
720 downloads