Trend Catcher | Foreign Exchange EA Download - MT4/MT5 Resources - MetaTrader 5 Resources
We have all heard the saying, trends are your friends, and the idea behind this system is to try and capitalize on trends.
The idea is a fairly simple moving average crossover strategy, using
1) EMA 34 Highs and Lows
2) Index index 50
3) Standard. Dev 20 as filter
There are some other EMAs, but these are not important for the strategy.
Strategy
Buy when EMA 50 breaks below the standard line. dev is greater than 70. std here. dev is used to filter out bad transactions.
The problem is that the filter isn't very good, so this is what I really need help fixing. Any other suggestions would also be greatly appreciated.
I know nothing about programming, so I know coding isn't very good. However, I just did some reading which allowed me to complete the necessary basic code, so if anyone can fix the code I'd be grateful as well. I know it says EURUSD, but it can be used for any currency pair, but for JPY trading, it's standard. For non-yen trades, the development filter needs to be adjusted to 0.69 instead of 0.0069
I think this strategy has potential but needs a better trend filter. Please test it and let me know what you think.
The idea is a fairly simple moving average crossover strategy, using
1) EMA 34 Highs and Lows
2) Index index 50
3) Standard. Dev 20 as filter
There are some other EMAs, but these are not important for the strategy.
Strategy
Buy when EMA 50 breaks below the standard line. dev is greater than 70. std here. dev is used to filter out bad transactions.
The problem is that the filter isn't very good, so this is what I really need help fixing. Any other suggestions would also be greatly appreciated.
I know nothing about programming, so I know coding isn't very good. However, I just did some reading which allowed me to complete the necessary basic code, so if anyone can fix the code I'd be grateful as well. I know it says EURUSD, but it can be used for any currency pair, but for JPY trading, it's standard. For non-yen trades, the development filter needs to be adjusted to 0.69 instead of 0.0069
I think this strategy has potential but needs a better trend filter. Please test it and let me know what you think.
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