Results 1 to 2 of 2
 1 Attachment(s)    

Thread: (Request) EMA Price Channel system

  1. #1
    Junior Member
    Join Date
    Dec 2009
    Posts
    29

    Thumbs up (Request) EMA Price Channel system

    Hi all,

    This system use simple logic of forming a price channel using 2 EMA applied to High and Low and we use this static % channel as a break out model to enter and exit trades, this is sort of conservative system in core part and quite good enough to trade on manual basics and it can be well automated.

    Timeframe employed: 15 mins any Fx pairs it works quite good

    Indicators: 45 EMA applied to Price High and Price Low to follow a channel of MA

    Long

    Entry Rule: When a price bar close above 45 EMA applied to High, then note the high price of the bar which closed above then EMA value and add 2 pips + bar High Value as a entry STOP BUY entry area.

    Stoploss:

    a) Default Stoploss -Place a Stoploss at the Low of the trigger bar Low, the trigger bar is a bar whose High is taken into consideration for High + 2 trigger.
    b) Fixed pips stoploss
    c) ATR period and Multiples as Stop loss

    TP: Options

    a) Default TP - Fixed TP - 15 pips
    b) Entry Price - Stop loss price * Multiples of X as TP
    (eg - Entry price is @ 10 and Stop @ 6 then TP * 1 = 4 as TP) Just to simplify Risk Reward Ratio then multiple's of stop size is used as TP size
    c) Exit on opposite Signals ( Sort of intraday swing style)

    Short

    Entry Rule: When a price bar close below 45 EMA applied to Low, then note the Low price of the bar which closed below then EMA value and add 2 pips + bar LowValue as a entry STOP SELL entry area.

    Stoploss: Place a Stoploss at the High of the trigger bar High, the trigger bar is a bar whose Low is taken into consideration for Low - 2 for trigger.

    TP: Options

    a)Default TP - Fixed TP - 15 pips
    b) Entry Price - Stop loss price * Multiples of X as TP
    (eg - Entry price is @ 6 and Stop @ 10 then TP * 1 = 4 as TP) Just to simplify Risk Reward Ratio then multiple's of stop size is used as TP size
    c) Exit on opposite Signals ( Sort of intraday swing style)
    d) ATR period and multiples as TP

    Additional options:

    1.Use EMA value and Applied field as extern values
    2. Sort of position sizing and Money managment options like Stop size decides the lot size ( eg: if we risk 2 % of capital (10k) then risk size is 200 $ so if there is a entry signal with 20 pips stop loss then we can make use of 100k lot for entry were size of stop decides then lot size (Fixed Ratio) model. And if MM is enabled then it takes this into consideration else it trades fixed lot as defined in fixed lot size in entry.
    3. ECN or Non ECN brokers - true or false
    4. Trade once a cross or re entry option can be consider if doable - trade once the cross - conservative type, if re entry considered like a bar moves up and makes a trigger and achieves TP then price close middle of MA channel and again creates a trigger bar then it is set or treated as trade on cross type else which is bit aggressive style when compared to conservative which trades once a cross
    Last edited by tradespin; 01-11-2010 at 13:59.

  2. #2
    Administrator funyoo's Avatar
    Join Date
    Sep 2008
    Posts
    7,003

    Default

    Quote Originally Posted by tradespin View Post
    Hi all,

    This system use simple logic of forming a price channel using 2 EMA applied to High and Low and we use this static % channel as a break out model to enter and exit trades, this is sort of conservative system in core part and quite good enough to trade on manual basics and it can be well automated.

    Timeframe employed: 15 mins any Fx pairs it works quite good

    Indicators: 45 EMA applied to Price High and Price Low to follow a channel of MA

    Long

    Entry Rule: When a price bar close above 45 EMA applied to High, then note the high price of the bar which closed above then EMA value and add 2 pips + bar High Value as a entry STOP BUY entry area.

    Stoploss:

    a) Default Stoploss -Place a Stoploss at the Low of the trigger bar Low, the trigger bar is a bar whose High is taken into consideration for High + 2 trigger.
    b) Fixed pips stoploss
    c) ATR period and Multiples as Stop loss

    TP: Options

    a) Default TP - Fixed TP - 15 pips
    b) Entry Price - Stop loss price * Multiples of X as TP
    (eg - Entry price is @ 10 and Stop @ 6 then TP * 1 = 4 as TP) Just to simplify Risk Reward Ratio then multiple's of stop size is used as TP size
    c) Exit on opposite Signals ( Sort of intraday swing style)

    Short

    Entry Rule: When a price bar close below 45 EMA applied to Low, then note the Low price of the bar which closed below then EMA value and add 2 pips + bar LowValue as a entry STOP SELL entry area.

    Stoploss: Place a Stoploss at the High of the trigger bar High, the trigger bar is a bar whose Low is taken into consideration for Low - 2 for trigger.

    TP: Options

    a)Default TP - Fixed TP - 15 pips
    b) Entry Price - Stop loss price * Multiples of X as TP
    (eg - Entry price is @ 6 and Stop @ 10 then TP * 1 = 4 as TP) Just to simplify Risk Reward Ratio then multiple's of stop size is used as TP size
    c) Exit on opposite Signals ( Sort of intraday swing style)
    d) ATR period and multiples as TP

    Additional options:

    1.Use EMA value and Applied field as extern values
    2. Sort of position sizing and Money managment options like Stop size decides the lot size ( eg: if we risk 2 % of capital (10k) then risk size is 200 $ so if there is a entry signal with 20 pips stop loss then we can make use of 100k lot for entry were size of stop decides then lot size (Fixed Ratio) model. And if MM is enabled then it takes this into consideration else it trades fixed lot as defined in fixed lot size in entry.
    3. ECN or Non ECN brokers - true or false
    4. Trade once a cross or re entry option can be consider if doable - trade once the cross - conservative type, if re entry considered like a bar moves up and makes a trigger and achieves TP then price close middle of MA channel and again creates a trigger bar then it is set or treated as trade on cross type else which is bit aggressive style when compared to conservative which trades once a cross
    Hi tradespin,

    Here is EMA Price Channel EA.
    Attached Files Attached Files

Similar Threads

  1. Request Channel ZZ into EA
    By maddenitrous in forum Ideas for expert advisors
    Replies: 9
    Last Post: 06-24-2010, 17:12
  2. EA with Keltner Channel SIDEWAY Trend System
    By Daldrar in forum Ideas for expert advisors
    Replies: 0
    Last Post: 03-10-2010, 11:38
  3. Request: Broken channel EA
    By Stefano in forum Ideas for expert advisors
    Replies: 5
    Last Post: 02-20-2010, 15:40
  4. (Request) Monday channel breakout EA
    By Agentrfr in forum Ideas for expert advisors
    Replies: 12
    Last Post: 01-25-2010, 22:15

Tags for this Thread

add, atr, brokers, channel, ecn, high, intraday, low, manual, money, pairs, pips, request, signals, simple, stop, system

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •