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Thread: HiLoMa.....E A Request

  1. #1

    Default HiLoMa.....E A Request

    HiLoMa

    #1 Go long X units on the opening of the next candle after
    the 5 ema of the Highs crosses the 5 ema of the Lows and exit on a Take Profit
    of 15 pips or on the opening of the next candle when the 5 ema of the Lows crosses the 5 ema of the Highs
    Whichever is the soonest.

    #2 Go long Y units on the opening of the next candle after
    the 5 ema of the Highs crosses the 5 ema of the Lows and exit when the 5 ema of the Lows crosses the 5 ema of the Highs or on a trailing stop. When the trade has a profit of 60 pips put a stop at 30 pips and trail the highs by 30 pips.

    #3 Go short X units on the opening of the next candle after
    the 5 ema of the Lows crosses the 5 ema of the Highs and exit on a Take Profit
    of 15 pips or when the 5 ema of the Highs crosses the 5 ema of the Lows.
    Which ever is the soonest.

    #4 Go short Y units on the opening of the next candle after
    the 5 ema of the Lows crosses the 5 ema of the Highs and exit when the 5 ema of the Highs crosses the 5 ema of the Lows or on a trailing stop. When the trade has a profit of 60 pips put a stop at 30 pips and trail the highs by 30 pips.

    #5 The X and Y units plus all the numbers should be input variables.




    Thanks

  2. #2

    Default

    Dear Funyoo


    Correction

    I made an error in requesting that the 5 ema of highs and lows be used in this system. I actually backtested opens and closes. Kindly replace "highs" in the above system with "opens" and replace "lows" with "closes". I am sorry for any inconvenience caused.

    Addition

    When tested on long time frames the system produces a high percentage of initial "Take Profits, however a flat period in the market can lead to whipsawing. If it is possible. I would like the E A to change both the open and close ema from 5 to 10 (double it) after the first time it produces a trade that fails to capture the 15 pip"Take Profit" and to revert to an ema of 5 (halve it) on the next occasion that it fails to capture the "Take Profit" Alternating between 5 and 10 on each subsequent failure.

    Thank You

  3. #3

    Default

    I would like clarify the added clause in this system.

    If a signal comes that would involve a trade that did not achieve the initial 15 pips (call it the X portion of the entry), then the signal will be ignored and the ema will be altered either from 5 to 10 or vice versa. If the current position is long and the new signal indicates long then the position will be held.If the signal of the new ema indicates short then the E A will effect the transaction. Perhaps it would be easier to do this if all the entries were scheduled to be 1 minute after the Time Frame begins.

    I would also like the option of a Stop Loss.

    Funyoo, I hope this is clear

    Thank You

  4. #4

    Default

    Dear Funyoo

    Can you please advise whether or not you consider the HiLoMa System worthy of your efforts to turn it into an E A including the above listed corrections and additions?

    Thanks

  5. #5
    Administrator funyoo's Avatar
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    Default

    Hi JXBlack,

    If I am correct, this is the same strategy than http://www.tradingsystemforex.com/pr...a-request.html ?

  6. #6

    Default

    Thank you for your reply.

    Yes it is identical. I felt that the new name was appropriate and that the condensed description in " The Alternating
    M A " was clearer.

    I hope your observation indicates your interest in creating an E A. I feel this system has a good potential.

    Thanks again

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candle, change, pips, profit, request, signal, stop, strategy, system, systems, thank you, time, trailing

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