A site to discuss Options trading, Forex and Long Term Investing. Hi I managed to get RSI out of equation Hey Ravee, can you please share how to get RSI out of the equation? Thanks for your Comment Ravee! Glad you used the code. And I agree, definitely no holy grail. I believe it will suffer during non-trending environments. The above settings give me freedom to scalp atleast pips everytime there is a crossover My question is how to set trailing stop once profit target of 5 pips is reached to surf the trends with Zero risk? Lets say Once i reach my profit target of 5 pips. Hey Ravee, When you ask how to set trailing stop do you mean how to do it programatically? If, so I think I have some code which can help you programming a trailing stop. If you're asking about ideas on when to start trailing, and which distance to use, then I guess, there is no easy answer. You would have to end up programing a trailing strategy with an input parameter to set different distances, and different trailing start thresholds, and start running backtests. An running backtests on M1 and M5, is something I dont really like. The data is innacurate plus you start to introduce broker dependency on your EA. You will be backtesting your strategy with spreads way better than real trading spreads, and this will give you crossover false idea ema the profitability or maximum drawdowns on your strategy while you design your system For some more comments on this: Hey thx for the fast reply Everytime i set it up for It should be something like Long at 0. Always leaving 5 ema of distance. This distance should be customized as a parameter in the EA, so it is easy for you to change without having to change your code or recompile. Hiya Henrik i've been doing lots of testing around this baby and found some annoying quirks of this EA The EA as such unmodified Sadly, it enters trades at the the close of the bars. How can this be evaded? I feel the losses will be minimised and profits will be optimized So what do you think? I'm on it atm. Let me see if I clearly understand. You are saying that the EA should close the loser before the bar closes? Sorry for making it all messed up An Improvement possibility of applying the prices to Highs and Lows instead of applying to close. We deploy two EMA Crossovers one for lows one for highs. Forex Just look at this image So i presume that losses w'd be kept to minimum if it catches the trends at the right time Hey Ravee the problem with Opening during the formation of the bar is that the cross is not confirmed. And the same thing for the close. You might be closing the trade on an unconfirmed cross, that later when the candle is complete results in no crossover in the chart. Systems understand your point that waiting for candles completion takes you out of the game with a bigger loss, but at the same time it lets you stay in the game and avoid fake temporary crosses that are formed constantly during the candle formation process. It is a trade off. In any case I just tried to automate Huckle's system as she had implemented it. And like you said, I don't put to much trust in it. I believe it doesn't have a real edge long term, but good to know you are working on it. And yes, you are right, the NewBarFlag condition is the one validating that a New Candle has just appeared. This comment has been removed by the author. Crossover love it, thanks for programing it. I was wondering how would you get the rsi off. Hello Henrik - Many thanks for sharing your EA with us. I would greatly appreciate if you could tell me how to activate the EA. I have installed it crossover ie. I drag the EA on to my MT4 screen demo account and see the smiley face at the right hand corner of the screen but not alerts or trades are being seen. I have enabled auto trading. Please can you throw some light. THIS is what i want for long time. Hi, i have start the code from running, but my metatrader 4 keeps showing "Order Send Error ". I have check online and the problem is stop-loss or take-profit levels are set to close to the current market price. I have change the stop loss to 30, and take profit level to Hey, there is a new Version, with some new parameters, tested by Robopip. Could someone maybe include these new features in the code? Your EA has 2 flaws 1. It opens a trade at the open of the next candle once you place it on the chart. The trade is usually a stale one from a trade already in progress. This also occurs if the EA is disabled and enabled after a period of time. Kindly adjust the code so the EA starts looking for NEW trades once it is placed opn the chart. The trailing stop does not sem to be working. You need to recheck the TS coding. All that sounds like good suggestions but unfortunately my time is limited that's why I share it for free so anyone can see the code and improve it. I didnt put too much effort as I think it is not a good strategy anyways. But thanks for the feedback so others can see. I think forex system does have good prospects in as much as there is an explosive move every now and then. I wish i can run a thorough analysis like you do but i will simply settle for forward testing while i see if someone can make changes to the code. By the way i use an pip SL as suggested by the system creator because i realised from visual backtesting that it produced systems more profitable trades with the trade forex closing befor reachiing full SL. The information provided on this site is for education purposes only. The author is not a registered financial adviser and the ideas discussed on the site are just trading analysis and not recommendations. Lazy Trading LLC doesn't endorse any of the comments that might appear on the discussion threads. There is no guarantee for those comments to be accurate. By reading this site you automatically agree that The Lazy Trader Lazy Trading LLC is not responsible for any of your trading decisions. Remember not to risk money that you cannot afford to lose. Pages Articles Start here Best of Store Free Publications Results Calendar About. Articles systems topic Advanced Strategies 9 Automated Trading 35 Bear Call Spread 61 Brokers 4 Bull Put Spread 62 Butterfly 7 Calendar 7 Collar 1 Debit Put Spread 1 Diagonal 1 Double Calendar 10 Early Retirement 19 Elephants 14 ETF Rotation 8 Expectations 4 Forex 58 Forex Systems 18 Gold Trading 2 Hedge 6 Impatient Sniper 2 Interpreting Returns 3 Investing 58 Iron Condor 92 LT Trend Sniper 8 Money Management 5 Monthly Digest 16 MT4 Ema 10 Option Trades Portfolio Analysis Portfolio Insurance 8 Products that suck 1 Psychology 18 Realistic Returns forex Resources and Tools 40 Reviews 22 Straddle 3 Strangle 3 Synthetic Stock Hedged 1 Trade Adjustments 43 Trade for a Living 16 Trading Competition 3 Trading Robots 17 Trading Tips 14 Victory Spread 1 Volatility 12 What works Options trading sites Monthly Income Fund Trade with Aram Bellini Markets DTR Trading Option Alpha Steady Options The Option Prophet Options Market Glossary. Tuesday, January 10, Amazing Crossover System. This Forex System was initially introduced by ForexPhanton who discussed in one of babypips' forumsand later on, it was selected by the community of babypips. Robopip analyzed this same system and reviewed it on his blog "Art of Automation". Bellow, you will find two of his articles about it: This last version of the system is the one I automated for those who enjoy mechanical trading. Just as a reminder these are the rules of the system after Huck's adjustments: Long Trade 5 Ema crosses above 10 Ema and RSI 10 is above the 50 level. Short Trade 5 Ema crosses below 10 Ema and RSI 10 is bellow the 50 level. Say the trade is 50 pips in profit, the Stop Loss will be moved to breakeven. Trades might be closed before hitting TP or SL if a contrary signal takes place. Say you are long and there is a signal to go short, the current trade is closed and a new bearish one is opened. Below you can see, as an example, a screen shot of the first two trades of the year on EURUSD which turned out to be losers. Click on image to enlarge. Share to Twitter Share to Facebook Share to Pinterest. Automated TradingForex ema, Forex SystemsTrading Robots. I believe it will suffer during non-trending environments', 'timestamp': Ravee March 20, at 3: Anonymous July 19, at Henrik March 20, at 3: Ravee March 22, at Henrik March 22, at Ravee March 22, at 2: Henrik March 22, at 3: Ravee March 26, at 8: Henrik March 26, at 9: Ravee March 26, at Ravee March 26, at 1: Henrik March 26, at 4: Lawrence Liu August 31, at Anonymous April 25, at 5: Anonymous May 30, at 3: Anonymous July 2, at 5: Anonymous September 2, at 6: Akinsanmi Taiwo January 26, at 6: The Lazy Trader January 26, at Akinsanmi Taiwo January 27, at Newer Post Older Post Home. Systems recommend moving this block and the preceding CSS link to the HEAD of your HTML file. Crossover basic strategy 3-Invest and Retire before you die 4-ETF Rotation systems to beat the Market First Name Email Address No spam ever. A breath of fresh air Forex tools Moving Avg Crossovers with alerts. MACD Divergences with alerts. Multiple trades Manager EA.
Overview of the Moving Average crossover system - Forex Strategies 2016 For Beginners
Overview of the Moving Average crossover system - Forex Strategies 2016 For Beginners
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