Multi Ema Cross system (Multi Ema Cross system) - MT4/MT5 resources
Hello,
I would like to draw your attention to this trend following system.
The advantage of this system is that it suffers much less loss during ranging than other MA crossover systems I have used.
The rules are as follows:
Time range: 1 hour+
Currency Pair: Any.
index:
80 Exponential Moving Average
21 European Index
13 European Index
5EMA
3EMA
RSI(21)
Trading rules:
The 80 EMA indicates the main trend direction.
When the price is above the 80 EMA – an uptrend, on the contrary – a downtrend.
The 21 EMA and 13 EMA give us the current trend direction.
The 13 EMA remains above the 21 EMA – an uptrend, and the opposite – a downtrend.
RSI (21) above 50 indicates an uptrend and below 50 indicates a downtrend.
The entry point is made in the cross trend direction of the 3 and 5 EMA:
Buy: When 3 EMA crosses 5 EMA upwards in an uptrending market and both 3 EMA and 5 EMA cross 13 EMA and 21 EMA channels and RSI is above 50 and both 21EMA and 13EMA are above 80EMA
Sell: In a downtrending market, when the 3 EMA crosses the 5 EMA downwards, and both the 3 and 5 EMA cross the 13 EMA, and both the 21EMA and the 13EMA are below the 80EMA, and the RSI is below 50.
Exit rules:
Just trail Stop Loss, Take Profit or Stop Loss.
Additional rules for additional EA:
After a trade in one direction is closed, another trade in the same direction can be opened only when a crossover of the 3 and 5 EMA occurs in the opposite direction. This means that, for example, if a long position has just been closed, the EA will wait until the 3 and 5 EMA cross indicating the end of the uptrend.
Only after this happens, another long trade is allowed (when all other conditions are met)
I did not backtest this EA because I do not trust backtesting EAs in Metatrader.
I have been using this EA on my demo account for about a month with great success.
Unfortunately, the server I am running this EA on crashed and I cannot display any reports from Metatrader.
Attached is the EA and the template containing all indicators.
Please copy log.mq4 to Experts/Include folder. Without it, the EA will not function.
enjoy! (Any advice would be greatly appreciated)
P.S. I don't take credit for this system. I didn't invent it. I just took advantage of it and wrote an EA.
I would like to draw your attention to this trend following system.
The advantage of this system is that it suffers much less loss during ranging than other MA crossover systems I have used.
The rules are as follows:
Time range: 1 hour+
Currency Pair: Any.
index:
80 Exponential Moving Average
21 European Index
13 European Index
5EMA
3EMA
RSI(21)
Trading rules:
The 80 EMA indicates the main trend direction.
When the price is above the 80 EMA – an uptrend, on the contrary – a downtrend.
The 21 EMA and 13 EMA give us the current trend direction.
The 13 EMA remains above the 21 EMA – an uptrend, and the opposite – a downtrend.
RSI (21) above 50 indicates an uptrend and below 50 indicates a downtrend.
The entry point is made in the cross trend direction of the 3 and 5 EMA:
Buy: When 3 EMA crosses 5 EMA upwards in an uptrending market and both 3 EMA and 5 EMA cross 13 EMA and 21 EMA channels and RSI is above 50 and both 21EMA and 13EMA are above 80EMA
Sell: In a downtrending market, when the 3 EMA crosses the 5 EMA downwards, and both the 3 and 5 EMA cross the 13 EMA, and both the 21EMA and the 13EMA are below the 80EMA, and the RSI is below 50.
Exit rules:
Just trail Stop Loss, Take Profit or Stop Loss.
Additional rules for additional EA:
After a trade in one direction is closed, another trade in the same direction can be opened only when a crossover of the 3 and 5 EMA occurs in the opposite direction. This means that, for example, if a long position has just been closed, the EA will wait until the 3 and 5 EMA cross indicating the end of the uptrend.
Only after this happens, another long trade is allowed (when all other conditions are met)
I did not backtest this EA because I do not trust backtesting EAs in Metatrader.
I have been using this EA on my demo account for about a month with great success.
Unfortunately, the server I am running this EA on crashed and I cannot display any reports from Metatrader.
Attached is the EA and the template containing all indicators.
Please copy log.mq4 to Experts/Include folder. Without it, the EA will not function.
enjoy! (Any advice would be greatly appreciated)
P.S. I don't take credit for this system. I didn't invent it. I just took advantage of it and wrote an EA.
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