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Thread: Pretty Good EA (MACFIBO)

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    Default Pretty Good EA (MACFIBO)

    hi funyoo

    I found ea in mql5.com. I think this is a pretty good ea.

    Pretty Good EA (MACFIBO)-macfibo-mql5-jpg

    trading rules as written in mql5.com as follows :


    When 5EMA crosses 20SMA down:
    Draw 2 points as below:
    POINT A; Candle close price that confirmed the downside crossover
    POINT B: highest price of the current wave prior to the crossover,
    Profit Target: @ 161.8 fibo level
    Stop Loss: maximum 38.2 (minimum @ 78.6) based on your risk appetite.


    Long SIGNAL:
    When 5EMA crosses 20SMA up:
    Draw 2 points as below:
    POINT A; Candle close price that confirmed the upside crossover
    POINT B: lowest price of the current wave prior to the crossover,
    Profit Target: @ 161.8 fibo level
    Stop Loss: maximum 38.2 (minimum @ 78.6) based on your risk appetite.

    Exit mechanism for losing trades, if stoploss yet to hit: if 5EMA cross 8SMA in direction opposite of your open trade.

    I've run this test ea . In EURUSD (H4) result as follows
    Pretty Good EA (MACFIBO)-eurusd-jpg

    I try not to use the rules that have closed order when 5EMA cross 8SMA in direction opposite of open trade and replace it with when MA 5 and MA 20 in direction opposite. Can Funyoo help me ? And please add to a pending order for this ea.

    Open pending buy and short when long or short signal and it hits the ratio of 50% and put the target in the ratio of 127%. Stop loss ratio of 23.6% when touching. Close pending order when 5EMA cross 8SMA in direction opposite of open trade.

    I attach EA macfibo
    Attached Files Attached Files
    Last edited by indra_jangkrik; 02-24-2015 at 12:59. Reason: Miss type

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Tags for this Thread

add, candle, eurusd, mql, mql5, signal, sma, stoploss, test, upside

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