8EMA/21EMA plus MACD and RSI - The worst system you have ever seen | Forex Factory

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Attachments: 8EMA/21EMA plus MACD and RSI - The worst system you have ever seen
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8EMA/21EMA plus MACD and RSI - The worst system you have ever seen

  • #1
  • Quote
  • First Post: Aug 6, 2010 10:01pm Aug 6, 2010 10:01pm
Hi guys.

Why "the worst system ever you seen?" I tired looking for profitable one

Here the strategy:

We look to H4 and for some guys Daily can be also

We need three type of indicators

MA MACD RSI

Buy rules

8EMA>21EMA

MACD (5,13,1)>0 (wait for second candly close on MACD)

RSI 21 >50

Sell rules

8EMA<21EMA

MACD (5,13,1)<0 (wait for second candly close on MACD)

RSI 21 <50

http://img6.imageshack.us/img6/7735/mysystem.gif

Very easy and profitable. Even I found EA for this system and changed some parameters.

But I need some help!

1. One cross One trade! I cant manage this EA not open several trades on one way. I mean when met conditions which i wrote above open first trade. But then this order close(doesn't mean TP or SL),on close EA open second one on that way. It continues till opposite signal's appearing.

2. EA has Risk Management isn't like i want. I want EA to calculate RM for per order risk% of account. For example if i set 2%, it must mean 2% per order from my deposit. Lots will be manually.

You can give like this question. "Why you don't want EA open another trade on that way?" Because this strategy work on first order. For second orders I'm getting to find out fractal breakout ea..

I think it can be good strategy. You can test it without SL TP like only crosses trading.
Any way enjoy this
Attached File(s)
File Type: mq4 FastSlow MA RSI MACD EA (TS21).mq4   8 KB | 3,885 downloads
File Type: mq4 MACD_Colored_v103.mq4   13 KB | 3,070 downloads
File Type: tpl 4macd+rsi.tpl   2 KB | 2,822 downloads
Think like an investor, Act as a speculator. Ferid H.
  • #2
  • Quote
  • Sep 16, 2010 1:10am Sep 16, 2010 1:10am
same case as mine ... it continuous Order and Orders ...
  • #3
  • Quote
  • Sep 16, 2010 2:57am Sep 16, 2010 2:57am
Not to put too fine a point on it but you do realize that you are basically repeating yourself by using EMA 8, 21 and then MACD 5,13,1 cross zero.

A MACD(5,13,1) crossing zero is the exact same as a EMA 5 and EMA 13 crossing. Just plot it on your charts.

So you are using an 8-21 EMA cross as well as a 5-13 EMA cross.

So you might as well just use the EMA 8-21 and the RSI unless you think the MACD is giving you something else. That something else if it is divergence can also be seen on RSI so that can't be it.

Just a point which you can choose to ignore.
  • #4
  • Quote
  • Sep 16, 2010 2:53pm Sep 16, 2010 2:53pm
Quoting flyer415
Not to put too fine a point on it but you do realize that you are basically repeating yourself by using EMA 8, 21 and then MACD 5,13,1 cross zero.

A MACD(5,13,1) crossing zero is the exact same as a EMA 5 and EMA 13 crossing....
I thought about what you say. MACD gives me another signal, too. For example, how can I entry again if the MA's crossed and was late? - If you read thread of Phill Nell 4H MACD strategy. There was one the signals that show entry on trend: TREND CONTINUES signal..
Think like an investor, Act as a speculator. Ferid H.
  • #5
  • Quote
  • Sep 16, 2010 2:53pm Sep 16, 2010 2:53pm
Quoting AriRESE
same case as mine ... it continuous Order and Orders ...
Can you show me the link what is the same as yours?
Think like an investor, Act as a speculator. Ferid H.
  • #6
  • Quote
  • Sep 16, 2010 8:14pm Sep 16, 2010 8:14pm
Quoting Feliks
I thought about what you say. MACD gives me another signal, too. For example, how can I entry again if the MA's crossed and was late? - If you read thread of Phill Nell 4H MACD strategy. There was one the signals that show entry on trend: TREND CONTINUES signal..

I have read his thread. In fact I use the same EMAs that he does. He uses the MACD in a much more sophisticated way and not just as a Zero Cross. In fact I did not see that he use the zero cross at all.

His system can be very good when properly used. I just did not think that using his MACD settings as a Zero Cross would give you what you want.

My apologies for disturbing your thread.
  • #7
  • Quote
  • Sep 16, 2010 8:56pm Sep 16, 2010 8:56pm
Try this indi.
Attached File(s)
File Type: ex4 EMA_Cross_RSI_Trend_Spotter_v3.ex4   6 KB | 2,390 downloads
  • #8
  • Quote
  • Sep 16, 2010 9:28pm Sep 16, 2010 9:28pm
Quoting Feliks
Can you show me the link what is the same as yours?
Actually, I made a different EA but the problem is the same ... as your statement :

1. One cross One trade! I cant manage this EA not open several trades on one way. I mean when met conditions which i wrote above open first trade. But then this order close(doesn't mean TP or SL),on close EA open second one on that way. It continues till opposite signal's appearing.

I still cannot to modify mine, as it continuous to Order when it has reached TargetProfit and StopLoss ...
  • #9
  • Quote
  • Sep 17, 2010 1:12am Sep 17, 2010 1:12am
Thanks for sharing Feliks
Have you tried in H1 or less?
  • #10
  • Quote
  • Sep 17, 2010 1:19am Sep 17, 2010 1:19am
Quoting Feliks
1. One cross One trade! I cant manage this EA not open several trades on one way. I mean when met conditions which i wrote above open first trade. But then this order close(doesn't mean TP or SL),on close EA open second one on that way. It continues till opposite signal's appearing.
there are many ways to do this, here is one of them :

Inserted Code
datetime crosstime; // variable will remember a time when ma's crossed

//anytime when it crossed, it should be like
if(Ma1curr > Ma2curr && Ma1prev < Ma2prev)
{
   crosstime = TimeCurrent();
}

//when check for a new order open
if(entry consitions ...)
{
   if(NoOpenedOrderSinceLastCross()) // this func checks for it
   {
      OrderSend(...)
      //...         
   }
}


// and here a function which will check this
bool NoOpenedOrderSinceLastCross()
{
   int a = 0;
   for(int i = 0; i < 1000; i++)
   {
      if(OrderSelect(OrdersHistoryTotal()-i,SELECT_BY_POS,MODE_HISTORY))
      {
         if(OrderSymbol() == Symbol())
         {
            if(OrderMagicNumber() == magic)
            {
               if(OrderOpenTime() >= crosstime)
               {
                   a++;
                   break;
               }
               if(OrderOpenTime() < crosstime)
               {
                   break;
               }
            }
         }
      }
   }
 if(a==0) return(true);
 if(a>0) return(false);
}
  • #11
  • Quote
  • Sep 17, 2010 2:30pm Sep 17, 2010 2:30pm
Quoting krendel38
Try this indi.
http://img814.imageshack.us/img814/4388/13764714.png
It doesn't work
Think like an investor, Act as a speculator. Ferid H.
  • #12
  • Quote
  • Sep 17, 2010 2:32pm Sep 17, 2010 2:32pm
Quoting loureed10
Thanks for sharing Feliks
Have you tried in H1 or less?
Yes, but H4 and Daily better. H1 can be good for early entry sometimes...
Think like an investor, Act as a speculator. Ferid H.
  • #13
  • Quote
  • Sep 17, 2010 2:46pm Sep 17, 2010 2:46pm
EA.

Indicators



8 EMA(Close)
21 EMA(Close)
MACD (5,13,1)
RSI 21 (70,50,30)


Entry rules


8EMA>21EMA & MACD (5,13,1)>0 & RSI21 > (50)

Open Buy

8EMA<21EMA & MACD (5,13,1)<0 & RSI21 < (50)

Open Sell

(I want additional rule +i also for each indicator, true/false)



+

Same indicators same rules, but something like confirmation I want this set on other time frame (time setting myself)


For example: If in Daily this conditions met and H4 met too open buy or sell some thing like this..


Exit rules

If after opening buy price will go against and creating opposite signal, so close that one and open sell, and reverse the same.

(For buy) If Price will go up from 70 and after coming down 70 and closing under that close buy order

(For sell) If Price will go down from 30 and after coming up 30 and closing above that close sell order



Risk Management

Lots

% per order (if I set 2% it抯 mean EA must set 2% 0f deposit for order抯 SL)

% for deposit (if I set 20% it抯 mean EA must close all orders if 20% of deposit will be under lose)



Managing Orders



Trailing Stop

Trailing Stop only profits

Breakeven at

Breakeven slide

Trailing by fractal ?its mean for example EA open buy and if price go up and after creation downer fractal SL will be slide under that fractal

Pips for trailing fractal ?if I set 5 pips, its mean EA must trail SL under (or below for sell orders) down fractal + 5 pip + spread of currency

Take Profit

Stop Loss



Time Filter



Begin

End



EA must not close orders if time抯 end. It抯 just doesn抰 open the trade except this BEGIN-END times.

I will be glad if you can add some code for 搒pecial day? not trading that days. For example USA holidays, new year, Before FRS meetings, Non-farm payrolls and s.



Max added orders



Basically EA open 1 trade for first cross, after that cross if trade will be close earlier or some another event make it close, I don抰 EA open another order on that direction. I want EA doing so:



If this situation will be EA will turn on Fractal breakout system ?For example we have buy signal and after some hours trade will close (by hitting trailed stop loss or placed under fractal SL ?only this situation), but we still have potential for buy how we add?

After cross we wait for creation Upper fractal, then we wait creation Downer fractal (on 揵uy?way both of them?. After creation DF EA place order buy stop above Upper Fractal + pips (Pips for 搕his? P.S. Max orders basically for this.



If after placing buy stop, order will not be active and opposite signal will be form delete or close opened order..

http://img814.imageshack.us/img814/9002/example2.gif

It抯 all for now. Best wishes..
------------------------------------------
This e-mail I sent for some mql coders, but no one answered. I think I know why))

This strategy good on trend market. Even on range breakeven let say 50 pips will help away bad signals..

This ea last edited version.. But it doesn't work like i want..
Attached File(s)
File Type: mq4 FastSlow MA RSI MACD EA (TS21).mq4   10 KB | 1,959 downloads
Think like an investor, Act as a speculator. Ferid H.
  • #14
  • Quote
  • Edited 3:09pm Sep 17, 2010 2:47pm | Edited 3:09pm
It works. Fast EMA 5 or 8 , Slow EMA 13 or 21 , RSI Period 21 .
Attached Image (click to enlarge)
Click to Enlarge Name: b.gif Size: 25 KB
  • #15
  • Quote
  • Sep 17, 2010 2:48pm Sep 17, 2010 2:48pm
Quoting sashasan
there are many ways to do this, here is one of them :

[code]datetime crosstime; // variable will remember a time when ma's crossed

//anytime when it crossed, it should be like
if(Ma1curr > Ma2curr && Ma1prev < Ma2prev)
{...
Maybe you will add this in this EA
Attached File(s)
File Type: mq4 FastSlow MA RSI MACD EA (TS21).mq4   10 KB | 2,051 downloads
Think like an investor, Act as a speculator. Ferid H.
  • #16
  • Quote
  • Nov 2, 2010 12:44pm Nov 2, 2010 12:44pm
How long have you traded this method and what is the win/loss ratio?

Thanks.
  • #17
  • Quote
  • Nov 2, 2010 1:54pm Nov 2, 2010 1:54pm
Quoting kulvadee
How long have you traded this method and what is the win/loss ratio?

Thanks.
Well, Actually. I wanted test this with EA. Because I haven't so much time to wait H4... But rules as I mentioned works dont worry...
Think like an investor, Act as a speculator. Ferid H.
  • #18
  • Quote
  • Nov 2, 2010 5:46pm Nov 2, 2010 5:46pm
Hi guys,

I have not traded nor tested this system but from my overall experience I would say that there is no need to duplicate the signals with MACD and MA.
MACD (5,13,1) is nothing more than cross of MA5 and MA13. This way you now have two crosses + RSI. One cross should be enough.
Have you noticed also the thread of TEB? He uses MA 5 x 12, plus RSI 20. Quite the same system, in fact.
  • #19
  • Quote
  • Nov 2, 2010 11:41pm Nov 2, 2010 11:41pm
Quoting krendel38
It works. Fast EMA 5 or 8 , Slow EMA 13 or 21 , RSI Period 21 .

Krendell,
Hi, can you put here to all the MARKET STRENGTH INDICATOR you have in your chart?.
Thank for your help
Regards
Pop
To make an omelet you have to break a few eggs so breathe and be happy
  • #20
  • Quote
  • Nov 4, 2010 9:18am Nov 4, 2010 9:18am
Does it work in small timeframes?

Thanks.
Quoting krendel38
Try this indi.
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