Open/close cross | Foreign exchange EA download - MT4/MT5 resources
Many thanks to my mentor who was compassionate to me, saw my struggles, and showed me how a real trader trades.
Daily chart
5 SMA crossed 5 LWMA
21 lsma trend confirmation
Cross 5,5 Down to Enter Short Trade 21 LSMA Trend
Cross 5,5 Up to Enter Long Trade with 21 lsma Trending
Stop = 1 ATR
Start trailing stop at 2 ATR
Exit stop loss or new signal in opposite direction.
There's more, but this is the basics...
I use 2% of the balance.
ff There is a great program to keep track of your account: http://blog.forexfactory.com/?p=1329
Title page modification:
The December 1, 2011 open/close 21 LWMA crossover has been replaced by the 5 SMA/5 LWMA crossover.
On December 7, 2011, expansion was discontinued as an exit strategy.
Dec 9, 2011 Changed % startup entry and created % added.
Emulator files deleted on December 11, 2011
On December 14, 2011, the instructor’s name was removed from the title page.
All average Ma_Method codes:
//MA list:
// MA_Method= 0: SMA - Simple Moving Average
// MA_Method= 1: EMA - Exponential Moving Average
// MA_Method= 2: Wilder - Wilder Exponential Moving Average
// MA_Method= 3: LWMA - Linear Weighted Moving Average
// MA_Method= 4: SineWMA - Sine Weighted Moving Average
// MA_Method= 5: TriMA - Triangular Moving Average
// MA_Method= 6: LSMA - least squares moving average (or EPMA, linear regression line)
// MA_Method= 7: SMMA - Smoothed Moving Average
// MA_Method= 8: HMA - Alan Hull's Hull Moving Average
// MA_Method= 9: ZeroLagEMA - Zero Lag Exponential Moving Average
// MA_Method=10: DEMA - Double Exponential Moving Average Author: Patrick Mulloy
// MA_Method=11: T3 - T3, author: T.Tillson
// MA_Method=12: ITrend - J.Ehlers' instantaneous trendline
// MA_Method=13: Median - moving median
// MA_Method=14: GeoMean - geometric mean
// MA_Method=15: REMA - Chris Satchwell's regularized EMA
// MA_Method=16: ILRS - integral linear regression slope
// MA_Method=17: IE/2 - Combination of LSMA and ILRS
Maribbonalert has the same code as mt4 standard moving average. 0=simple, 1=exponential, 2=smooth, 3=linearly weighted
Daily chart
5 SMA crossed 5 LWMA
21 lsma trend confirmation
Cross 5,5 Down to Enter Short Trade 21 LSMA Trend
Cross 5,5 Up to Enter Long Trade with 21 lsma Trending
Stop = 1 ATR
Start trailing stop at 2 ATR
Exit stop loss or new signal in opposite direction.
There's more, but this is the basics...
I use 2% of the balance.
ff There is a great program to keep track of your account: http://blog.forexfactory.com/?p=1329
Title page modification:
The December 1, 2011 open/close 21 LWMA crossover has been replaced by the 5 SMA/5 LWMA crossover.
On December 7, 2011, expansion was discontinued as an exit strategy.
Dec 9, 2011 Changed % startup entry and created % added.
Emulator files deleted on December 11, 2011
On December 14, 2011, the instructor’s name was removed from the title page.
All average Ma_Method codes:
//MA list:
// MA_Method= 0: SMA - Simple Moving Average
// MA_Method= 1: EMA - Exponential Moving Average
// MA_Method= 2: Wilder - Wilder Exponential Moving Average
// MA_Method= 3: LWMA - Linear Weighted Moving Average
// MA_Method= 4: SineWMA - Sine Weighted Moving Average
// MA_Method= 5: TriMA - Triangular Moving Average
// MA_Method= 6: LSMA - least squares moving average (or EPMA, linear regression line)
// MA_Method= 7: SMMA - Smoothed Moving Average
// MA_Method= 8: HMA - Alan Hull's Hull Moving Average
// MA_Method= 9: ZeroLagEMA - Zero Lag Exponential Moving Average
// MA_Method=10: DEMA - Double Exponential Moving Average Author: Patrick Mulloy
// MA_Method=11: T3 - T3, author: T.Tillson
// MA_Method=12: ITrend - J.Ehlers' instantaneous trendline
// MA_Method=13: Median - moving median
// MA_Method=14: GeoMean - geometric mean
// MA_Method=15: REMA - Chris Satchwell's regularized EMA
// MA_Method=16: ILRS - integral linear regression slope
// MA_Method=17: IE/2 - Combination of LSMA and ILRS
Maribbonalert has the same code as mt4 standard moving average. 0=simple, 1=exponential, 2=smooth, 3=linearly weighted
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