5 min 13 EMA band system (5 min 13 EMA band System) - MT4/MT5 resources
I made this indicator using an EA about six months ago and tested it on just one month of data, which ended with a profit factor of 6, set to 20,6,6,4,-12
It works well in volatile markets on different currency pairs and time frames, but the 5-minute cable is the best. It looks like these settings are still working fine, but should be backtested again. It worked surprisingly well when the market wasn't in a strong trend, as it was only tested on one month's worth of data, and six months later it still worked well in range markets, but there was no time to find the right filter to weed out the bad settings. Its strategy is simple. The candle stays on the 13 EMA band while crossing the CCI and then moves down 10-20 pips and then often triggers again to the opposite position of the band after the trade ends, I have seen this happen many times in a row, sometimes four or five times in a row. Not sure it's still that good. Take a look and tell me what you think it's worth. thank you
It works well in volatile markets on different currency pairs and time frames, but the 5-minute cable is the best. It looks like these settings are still working fine, but should be backtested again. It worked surprisingly well when the market wasn't in a strong trend, as it was only tested on one month's worth of data, and six months later it still worked well in range markets, but there was no time to find the right filter to weed out the bad settings. Its strategy is simple. The candle stays on the 13 EMA band while crossing the CCI and then moves down 10-20 pips and then often triggers again to the opposite position of the band after the trade ends, I have seen this happen many times in a row, sometimes four or five times in a row. Not sure it's still that good. Take a look and tell me what you think it's worth. thank you












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