Oshaban wrote:Onyebuchim wrote:Hi, Oshaban
To further add to your intention of tweaking the EA further, i would like to suggest that the Version 2 be coded in a way that the EA would automatically place an order after the 10 & 5 EMA crosses over the 20 MA all things being equal. This would enable quick entry when the trend is building at the beginning.
Do you mean the EA should enter the market Long after the cross of EMA5 and EMA10 (EMA5 is above) and they are above SMA20 and vise versa for the Short!
Yes.
REASON
Like i earlier described my personal moving average system. when i looked back e.g 1 month data with the plotted MA's, I found that in every 20 crosses they were 10 to 15 valid crosses that with the trend hanging on for many days and weeks. While the false crosses which were more like ranges and market undecision were less than 5 to 6. So filtering the best crosses was my challenge.
I'm saying that if for example we follow every cross and out of 20 crosses, 10 to 15 were valid then the profit outcome would far outweigh the false crosses.
If you need more clarification then i'll explain indepth of my personal MA system. The difference btw mine and this system is the Indicator setings.